Explain how consumers benefit from businesses specializing and trading.

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asked Dec 14, 2022 35.2k views

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Zehava · Answer 1 · 2022-12-19T20:24:07+0000

Answer:

Consumer benefits: Specialization means that the opportunity cost of production is lower, which means that globally more goods are produced and prices are lower. Consumers benefit from these lower prices and greater quantity of goods.

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Explain how consumers benefit from businesses specializing and trading.

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