for a country occurs when it has a monopoly on producing a product or is able to produce it at a cost below that of all other countries.
A)Dumping advantage
B)Complete advantage
C)Comparative advantage
D)Absolute advantage

Question

Quizplus · Accepted Answer

Absolute advantage occurs when a country can produce a product more efficiently and at a lower cost than any other country. This gives the country a competitive advantage in the global market as they are able to produce and sell their product at a lower price, potentially leading to a monopolistic position.

For a Country Occurs When It Has a Monopoly on Producing