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Business, 19.03.2020 22:56 mrsqueenbabe516
In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade. Consider the following scenario:Without free trade, Sapphira has market power as a local producer. Once free trade is implemented in the local economy, Sapphira is no longer able to raise its prices above competitive levels. Answer choices shown below1. Increased competition2. Increased variety of goods3.Lower costs through economies of scale4. Enhanced flow of ideas
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In addition to the positive welfare effects that free trade has on an economy, there are a variety o...
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