The phrase "acknowledge the advantages" is correct and usable in written English.
You can use it when discussing the positive aspects or benefits of a particular situation, idea, or proposal.
Example: "In our meeting, we should take a moment to acknowledge the advantages of implementing this new strategy."
Alternatives: "recognize the benefits" or "appreciate the merits."
"I acknowledge the advantages of monogamy," Savage told me, "when it comes to sexual safety, infections, emotional safety, paternity assurances.
Many people fear that to acknowledge the advantages bestowed on them by race, gender or class detracts from what they do and makes them less special, but that is a fallacy.
My summary objection to the Finch recommendations and current RCUK policy is that they don't take sufficient advantage of green and, in the case of the Finch report, do not even acknowledge the advantages of green.
And even Vanguard itself seems to acknowledge the advantages of ETFs Vipers are the fund family's new ETF designed to ape returns in the broader market.
We do however, have control over how we acknowledge the advantages or disadvantages of our color.
Vilsack's apparent endorsement of organic agriculture marks a departure from the USDA's long-standing reluctance to acknowledge the advantages of organic food production over "conventional" agriculture.
As an administrator, Gibbon writes, "His haughty and inflexible spirit could not discover, or would not acknowledge, the advantage of preserving an intermediate power, however imaginary, between the emperor and the army".
Finally, I feel like I should acknowledge the advantage of having a co-author that can find your mistakes before they go to print.
Aouad and Chiu, in a review of the "state of art" treatment of nasal polyposis, acknowledge the advantage of topical medication in preventing polyp reformation and highlight their use as the mainstay of therapy.
