Question: Time left 0 : 0 3 : 5 5 1 9 The producer that requires a smaller quantity of inputs to produce a certain amount
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The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good,
a has a comparative advantage in the production of that good.
b has a low opportunity cost of producing that good, relative to the opportunity costs of other producers.
c has an absolute advantage in the production of that good.
d should be the only producer of that good.
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