QUESTION IMAGE
Question
what can a producer gain by specializing?
sales
new customers
absolute advantage
opportunity costs
Brief Explanations
Specialization allows producers to focus on what they do best, leading to increased efficiency and potentially an absolute advantage in the production of a particular good or service. Sales and new - customers are not direct gains from specialization itself. Opportunity costs are what is given up, not a gain.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
absolute advantage