International trade based solely on internal scale economies in both countries is likely to be carried out by
A) a relatively large number of price competing firms.
B) a relatively small number of imperfect competitors.
C) monopolists in each country.
D) a large number of oligopolists in each country.
E) a relatively small number of price competing firms.
Correct Answer:
Verified
Q8: A monopolistic firm
A)will always earn a profit
Q9: Under oligopoly,firms' pricing policies are and,under monopolistic
Q10: Under the model of monopolistic competition,a(an)_ in
Q11: If a firm increases its output in
Q12: If a firm that uses a production
Q14: A firm in long- run equilibrium under
Q15: International trade based on external scale economies
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Q17: When a country both exports and imports
Q18: If there are a large number of
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