Absolute advantage is best defined as:

being able to make more of a product than a competitor.

being able to use fewer resources than a competitor.

being able to produce more efficiently than a competitor.

being able to create a product with a higher opportunity cost than a competitor.

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Turner Blair

5 January, 05:13

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Todd · Answer 1

Absolute advantage can be defined as a company being able to produce more of a product than its competitor.

Absolute advantage is best defined as:being able to make more of a product than a competitor.being able to use fewer resources than a competitor.being able to produce more efficiently than a competitor.being able to create a product with a higher opportunity cost than a competitor.