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absolute advantage is best defined as: being able to make more of a pro…

Question

absolute advantage is best defined as: being able to make more of a product than a competitor. being able to use fewer resources than a competitor. being able to produce more efficiently than a competitor. being able to create a product with a higher opportunity cost than a competitor.

Explanation:

Brief Explanations

Absolute advantage in economics is when a producer can make more of a product than its competitors using the same amount of resources. It's about quantity - not efficiency in terms of resources or opportunity cost.

Answer:

being able to make more of a product than a competitor.