Question

Which best describes how consumers may benefit from specialization?

Consumers can only purchase high-quality goods
Consumers have more price options.
Consumers receive more sale offers.
Consumers find products at lower prices

Answer 1

Consumers find products at lower prices

Step-by-step explanation:

Answer 2

Consumers find products at lower prices

Step-by-step explanation:

Specialization is an approach to production whereby, a business concentrates on producing specific good and services. The business limits itself to the good and services that it has the advantage of producing. Specialization will result in the company attaining high levels of efficiency in its operation.

A specialized entity focuses on a specific skill, activity, or product. It increases the comparative advantage of an enterprise. Countries also do specialize. Comparative advantage means the ability to produce at a lower marginal cost than competitors. As a result, the business can offer the product or service to consumers at a lower price.