In case of a competitive Piv m, where the Cost fuction is $C(9) =2K*r*9% 10 3. By MaXinizing the Profit(IT) TY = P9-<(1) Find the Produet supply Function 9=9C, 9)

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.