If the __ cost for producing a particular good is lower for one producer than another the former producer has for producing the good

Hello. I think you are looking for the description of the term comparative advantage. The sentence suggests that a producer of a particular good should have a comparative advantage if he or she has a lower opportunity cost for producing the particular good. Opportunity cost means the benefits that the producer has to give up in order to produce the good.

ANSWER: opportunity; comparative advantage.