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Question
multiple choice question a producer has a(n) ______ advantage in the production of a good or a service if his or her relative opportunity cost of production is lower than the opportunity cost of other producers. options: sustainable, absolute, comparative, competitive
The question describes a producer having a lower relative opportunity cost of production compared to others, which is the core definition of a comparative advantage. Absolute advantage refers to producing with fewer resources, sustainable advantage relates to long-term viability, and competitive advantage is a broader term not focused on opportunity cost differences.
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B. comparative