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When Countries Create a Free Trade Area and Increase Market

Question 102

Multiple Choice

When countries create a free trade area and increase market size, there will be


A) less product variety and a less competitive market.
B) more product variety and a less competitive market.
C) less product variety, which is another part of the gain from trade.
D) more product variety, which is another part of the gain from trade.
E) less product variety but a better quality of products.

Correct Answer:

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