Intra-industry trade allows each country to specialize in some variation of a product.

Name: Intra-industry trade allows each country to specialize in some variation of a product.
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Intra-industry trade refers to the exchange of similar products belonging to the same industry. This type of trade allows countries to specialize in the production of certain varieties or qualities of a product, thereby benefiting from economies of scale and increased variety for consumers.

Intra-Industry Trade Allows Each Country to Specialize in Some Variation