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Economics of scale make it possible to offer lower prices
Having a lower price is an advantage in the market because it increases demand.
Comparative advantage :)
Existence of lower opportunity cost then competitors
by producing a product with a lower opportunity cost
Economics of scale make it possible to offer lower prices
Having a lower price is an advantage in the market because it increases demand.
The Government is stupid.
Comparative advantage :)
Biplanes have more lift at lower speeds.
comparative advantage
Existence of lower opportunity cost then competitors
by producing a product with a lower opportunity cost
Cooler. Lower air con bills.
Parallel circuits have a higher current and a lower resistance.
The two largest advantages are lower cost and uniform product.
Comparative Advantage.