Ask Question
14 November, 21:23

Which describes a way in which consumers most likely benefit from producers' absolute advantage?

+1
Answers (1)
  1. 14 November, 21:28
    0
    When prices decrease as a result of increased production efficiency

    Absolute advantage is the ability of a producer to produce its product at a lower cost.

    When the cost of production is decreased through production efficiency, the producer will gain the ability to reduce the market prices without losing any profit, which will benefit both the producers and customers
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which describes a way in which consumers most likely benefit from producers' absolute advantage? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers