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Why would the firm have a comparative advantage

Assignment Help Microeconomics
Reference no: EM133583531

Questions:

  1. Can you think of other goods or services that the firm is not currently providing, but which could lead to a comparative advantage were the firm to choose to produce the good or service?
  2. Why would the firm have a comparative advantage in that new product?
  3. If the firm decided to expand, would you suggest starting production in that good or service (for which the firm has a comparative advantage) or should it choose another good or service? Why or why not?

 

 

Reference no: EM133583531

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