Multiple Choice
Rayburn Reed is a highly talented photographer. He has chosen to specialise in photography because of all of the following except:
A) he obviously has a comparative advantage in photography.
B) his opportunity cost of pursuing another career is very low.
C) for him, this is the most lucrative way to purchase the products that he wants to consume.
D) his photographs are highly esteemed by art lovers who are willing to pay very high prices.
Correct Answer:
Verified
Correct Answer:
Verified
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