International Trade Based on External Scale Economies in Both Countries

question 32

Multiple Choice

International trade based on external scale economies in both countries is likely to be carried out by

• A)a relatively small number of imperfect competitors.
• B)a relatively large number of price competing firms.
• C)a large number of oligopolists in each country.
• D)monopolists in each country.
• E)a relatively small number of price competing firms.