Comparative advantage is based on
A) comparing physical endowments, such as mineral resources, of two countries.
B) differences in opportunity costs between two countries.
C) one country being able to outproduce another country in some good.
D) comparing the capital accumulation of two countries.
E) two countries producing the same good.
B
Economics
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A knowledge spillover occurs when firms:
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Collusion is most likely to occur in those oligopolies in which firms have vastly different cost structures
a. True b. False
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