Assume that U.S. producers can manufacture cookies at a lower opportunity cost than Canadian producers. If this
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Assume that U.S. producers can manufacture cookies at a lower opportunity cost than Canadian producers. If this is the case,
- Canada would have the comparative advantage in all products compared to the United States.
- Canada coil still have the comparative advantage in cookie production.
- It will not be possible for Canada to have an comparative advantage in the production of any other products.
- It would still be possible for Canada to have a comparative advantage in trade for some other products
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