I need to respond to my teachers post. This is what he posted and I need to replay back to him. Since you had trouble opening the link for number 7, please help me with this one. Thanks! ï‚§ 1- The idea of comparative advantage is that even if one firm may be better at producing a good or service than another firm, it still may be beneficial to a firm to trade with the other firm if they have lower opportunity costs. Many firms has a comparative advantage at producing something but they stand to gain more from trade and buy goods or services from those who produce them at a low cost.
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