Two countries, A and B, produce Good X. Which of the following statements is true of the trading price of Good X?
A) The trading price of Good X is less than the opportunity cost of producing the good in both nations.
B) The trading price of Good X is greater than the opportunity cost of producing the good in both nations.
C) The trading price of Good X lies between the opportunity costs of producing the good in both nations.
D) The trading price of Good X is always equal to the opportunity cost of producing the good in Country A.
C
Economics