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10 July, 19:08

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

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  1. 10 July, 22:10
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    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
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