Which situation best illustrates the concept of absolute advantage

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asked Jun 21, 2022 87.1k views

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MarkusN · Answer 1 · 2022-06-27T19:08:37+0000

Step-by-step explanation:

A factory in Vietnam has an absolute advantage because it can produce shoes at a lower cost than others. Absolute advantage makes the factory more competitive in the market than its rivals.

Which situation best illustrates the concept of absolute advantage

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