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Assume that U.S. producers can manufacture cookies at a lower opportunity cost than Canadian producers. If this is the case, Canada would have the comparative

Assume that U.S. producers can manufacture cookies at a lower opportunity cost than Canadian producers. If this is the case,

  1. Canada would have the comparative advantage in all products compared to the United States.
  2. Canada coil still have the comparative advantage in cookie production.
  3. It will not be possible for Canada to have an comparative advantage in the production of any other products.
  4. It would still be possible for Canada to have a comparative advantage in trade for some other products

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