Which of the following situations would allow agents to gain from specialization and trade with one another?
a. the terms of trade are between the two agents' opportunity costs.
b. the gaents have the same opprtunity costs.
c. one agent has absolute has absolute advantage in both goods.
d. one agent has comparative advantage in both goods.
e. either agent has absolute advantage in either of the goods.
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Which of the following situations would allow agents to gain from specialization and trade with one...
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