Preference Similarity Explains Why

question 77

Multiple Choice

Preference similarity explains why:

• A)monopoly power has grown tremendously.
• B)low cost producers can still enjoy economies of scale.
• C)profits are at an all-time high in the industrialized world.
• D)intra-industry trade has grown tremendously among the industrialized countries with similar income levels.
• E)comparative advantage theory works best in third world countries.