Which is not a benefit from specialization and trade?

A) World output is increased.
B) The range of goods and suppliers is increased.
C) There is more competition.
D) There may be a more efficient scale of operation for firms with international markets.
E) All of the choices are benefits from specialization and trade.

Specialization and Trade

An economic concept where individuals or entities focus on the production of specific goods or services to trade for other goods or services, enhancing efficiency and productivity.

Efficient Scale

The level of production at which a firm achieves the lowest long-run average cost, with all inputs utilized most effectively.