Which best describes how specialized producers decrease their opportunity costs?

by reducing production costs

by focusing on target markets

by increasing production of certain items

by limiting the types of goods produced

Answer;

-By limiting the types of goods produced

The statement that best describes how specialized producers decrease their opportunity costs is that, by limiting the types of goods produced.

Explanation;

-Opportunity cost represents the benefits an individual, investor or business misses out on when choosing one alternative over another.

-By limiting the types of goods produced specialized producers are able to decrease their opportunity costs. It is important to note that a producer with a comparative advantage has the ability to produce a good or service at a lower opportunity cost than any competitor can.

These producers limit the types of goods produced, so the opportunity costs, the costs incurred when choosing one alternative over the other, are minimzed.

The fourth option is correct.