If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying facts explaining why a particular country dominates world markets in some product may be pure chance, or historical accident. Explain, and compare this with the answer you would give for the Heckscher-Ohlin model of comparative advantage.
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Q1: External economies of scale often arise because
Q2: What is meant by "a cluster of
Q3: One advantage of the specialization that results
Q4: If a firm's output more than doubles
Q5: External economies of scale will _ average
Q7: External economies of scale arise when the
Q8: Internal economies of scale arise when the
Q9: The existence of external economies of scale
A)
Q10: If some industries exhibit internal increasing returns
Q11: Why is it that if an industry
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