Which of the following describes the benefits of specialization in a free market?
Specialization leads to higher prices. Specialization leads to decreased competition among producers. Specialization leads to lower overall output. Specialization leads to efficient use of capital, land, and labor.
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Home » Business » Which of the following describes the benefits of specialization in a free market? Specialization leads to higher prices. Specialization leads to decreased competition among producers. Specialization leads to lower overall output.