Question

Which best describes how producers benefit from specialization

Answer 1

hiii.
due to monopoly...

Answer 2

Specialisation increases consumers output since one specialises where he or she can produce best , one applies his skills and knowledge where they are best applicable. Specialisation also improves efficiency and streamlines quality, therefore maximising profit. Specialisation is where one narrows down in any field of production it goes in hand with division of labour.