The figure above shows the market for shirts in Australia, where D is the domestic demand curve and S is the domestic supply curve. The world price is $20 per shirt.
-In the figure above, with international trade Australia _______ million shirts per year.
Definitions:
Department of Justice
A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.
Proposed Mergers
Plans or considerations for two or more companies to combine their operations, resources, or identities to achieve strategic objectives.
Industry
A segment of the economy involving the production and sale of a certain set of goods or services.
Nash Equilibrium
A situation in game theory where no player can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.
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