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Italy produces some of the world’s best wine. In fact, there are a number of other...

Italy produces some of the world’s best wine. In fact, there are a number of other countries that produce exquisite wines including France, Spain, Argentina, the United States, and Australia. Could we argue that Italy has comparative advantage in the production of wine? If so, briefly discuss the different factors that might explain why Italy has comparative advantage in the production of wine.

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