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Economics

Suppose that they are thinking of each specializing completely in the area in which they have a comparative advantage, and then trading at a rate of 2.5 pounds of potatoes for 1 chicken, would they each be better off? Explain. How would you extend the above narrative to businesses, society as a whole or nations? Explain

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9690668

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