Intra-industry trade occurs mostly in differentiated products.

Name: Intra-industry trade occurs mostly in differentiated products.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Intra-industry trade refers to the exchange of similar, but differentiated, products or services within the same industry, such as cars of different brands or models. This type of trade is common in sectors where there are variations in consumer preferences and where economies of scale in production can be achieved.

Intra-Industry Trade Occurs Mostly in Differentiated Products