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Chako Chako
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8 years ago
A product is produced in a monopolistically competitive industry with scale economies. If this industry exists in two countries, and these two countries engage in trade with each other, then we would expect
A) each country will export different varieties of the product to the other.
B) the countries will trade only with other nations they are not in competition with.
C) the country in which the price of the product is lower will export the product.
D) the country with a relative abundance of the factor of production in which production of the product is intensive will export this product.
E) neither country will export this product since there is no comparative advantage.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 166 times
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
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#3
8 years ago
Don't forget to vote my answer as best Nerd Face
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