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Tag: domestic monopoly

International trade can have big effects on domestic markets. For both an import good and an export good describe how opening up to international trade affects the following: supply or demand for the particular good, the competitiveness of that good’s market, and how the change in competitiveness affects equilibrium price and quantity.

by Osman

Instructions International trade can have big effects on domestic markets. For both an import good and an export good (in […]