International Trade Based Solely on Internal Scale Economies in Both

question 51

Multiple Choice

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

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

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