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PPF & COMPARATIVE ADVANTAGE AND PRICE GOUGING

1. The topic of this discussion is comparative & absolute advantage. The goal of this discussion is to reflect upon how these terms relate to your own experiences. Specifically answer this prompt: Please share an experience from your own life identifying absolute and comparative advantage, and how you capitalized on gains from trade (or how you could have). Please include some numeric values to indicate both absolute and comparative advantages. This experience can be from your current workplace, within your family, among your friends/classmates, on a sports team etc. Be creative!

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