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What assumption about monopolistic competition results in intra-industry trade?

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Mahe Alam
Mahe AlamLv10
28 Sep 2019

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Related questions

Do you agree or disagree with the following statements

a. The demand curve facing a monopolistic competitor in a market where all producers charge different prices becomes less elastic when it engages in international trade

b. According to the gravity equation, countries closer to each other trade more

c. The only gain from trade in monopolistic competition in trade is lower prices

d. The closer to 1 the index of intra industry trade is, the greater the difference between exports and imports of the same goods.

What is the difference between intra-industry and inter-industry trade?

Generally, trade in primary goods involves intra- or inter-industry trade?

Generally, trade in manufactured goods involves intra- or inter-industry trade?

10. ____________________ provides a way to combine the lower average production costs that come from economies of scale and still have competition and variety for consumers.

a. Intra-industry trade

b. International trade

c. Inter-industry trade

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