Absolute advantage is the ability to produce a product or service at a lower opportunity cost than another producer.

Name: Absolute advantage is the ability to produce a product or service at a lower opportunity cost than another producer.
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Quizplus · Accepted Answer

Absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources. Comparative advantage, not absolute advantage, is about producing at a lower opportunity cost.

Absolute Advantage Is the Ability to Produce a Product or Service