Unit 7: Comparative and Absolute Advantage
- Absolute: The producer that can produce the most output or requires the least amount of input.
- Ex: Papa John produces 20 pizzas and McDonalds produces 14 pizzas.
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Unit 7: Comparative and Absolute Advantage
Unit 7: Comparative and Absolute Advantage - Absolute: The producer that can produce the most output or requires the least amount of inpu...
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