How would you extend the above narrative to businesses

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Reference no: EM13221994

Suppose that they are thinking of each specializing completely in the area in which they have a comparative advantage, and then trading at a rate of 2.5 pounds of potatoes for 1 chicken, would they each be better off? Explain. How would you extend the above narrative to businesses, society as a whole or nations? Explain

Reference no: EM13221994

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