ECO201_-_FA_2023_-_FE_1061.webp
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ECO201_-_FA_2023_-_FE_1061.webp

(Choose 1 answer)
(15946) If some industries exhibit internal increasing returns to scale in each country, we expect to see
A. perfect competition in these industries.
B. high levels of specialization in both countries.
C. increased productivity in both countries.
D. intra-industry trade between countries.
E. inter-industry trade between countries.


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