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    Microeconomics Study Set 2
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    Exam 2: Trade-Offs, Comparative Advantage, and the Market System
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    Is It Possible for a Firm to Have an Absolute
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Is It Possible for a Firm to Have an Absolute

Question 172

Question 172

Essay

Is it possible for a firm to have an absolute advantage in producing something without having a comparative advantage? Why or why not?

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Yes, a firm can have an absolute advanta...

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