Question

multiple choice question
comparative advantage refers to:
being the one who can produce the most.
being the highest relative opportunity cost producer of a good.
being the lowest relative opportunity cost producer of a good.
being the producer who has been in the market the longest.

Explanation:

Comparative advantage is an economic concept focused on opportunity cost. It identifies the producer that can create a good with the smallest relative opportunity cost, meaning they give up the least of other goods to produce it. Quantity produced or market tenure are not related to this definition.

Answer:

being the lowest relative opportunity cost producer of a good.