comparative advantage suggests that everyone will benefit if they figure out their areas of comparative

advantage—that is, the area of camping where their productivity disadvantage is least, compared to Jethro. For

example, it may be that Jethro is 80% faster at building fires and cooking meals than anyone else, but only 20%

faster at gathering firewood and 10% faster at setting up tents. In that case, Jethro should focus on building

fires and making meals, and others should attend to the other tasks, each according to where their productivity

disadvantage is smallest. If the campers coordinate their efforts according to comparative advantage, they can

all gain.

Access for free at openstax.org
19.3 • Intra-industry Trade between Similar Economies 461

19.3 Intra-industry Trade between Similar Economies

LEARNING OBJECTIVES

By the end of this section, you will be able to:

•

Identify at least two advantages of intra-industry trading
{"producer": "Prince 14.2 (www.princexml.com)", "title": "Principles of Microeconomics 3e", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "moddate": "2022-12-07T14:23:05-06:00", "file_size_mb": 26.99, "upload_timestamp": "2026-02-07T15:24:38.309401", "file_type": ".pdf", "creator": "PDFMiner", "total_pages": 597, "uploaded_via": "batch_uploader", "batch_upload": true, "file_name": "Microeconomics3e.pdf", "creationdate": "2022-12-07T14:15:44-06:00", "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "source": "downloads\\business\\economics\\Microeconomics3e.pdf"}