When a smaller country with fewer resources specializes in the production of a good in which it has a comparative advantage and gains access to larger, international markets, this can create O a) inefficiencies. O b) economies of scale. Oc) decreased sales. O d) a smaller distribution network. e) increased per-unit costs.

When a smaller country with fewer resources specializes in the production of a good in which it has a comparative advantage and gains access to larger, international markets, this can create O a) inefficiencies. O b) economies of scale. Oc) decreased sales. O d) a smaller distribution network. e) increased per-unit costs.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: Firms In Competitive Markets

Section: Chapter Questions

Problem 11PA

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