(Figure: The Home Market) For a home monopolist, free trade results
In:

Name: (Figure: The Home Market) For a home monopolist, free trade results In:
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Question

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Free trade eliminates trade barriers and allows foreign competitors to enter the domestic market, reducing the home monopolist's control over prices. The monopolist cannot restrict imports or charge higher prices, as consumers can switch to the foreign product. Therefore, free trade leads to an inability to control prices for the home monopolist.

(Figure: the Home Market) for a Home Monopolist, Free Trade