Which of the following theories began to emerge when economists pointed out that the ability of firms to attain economies of scale might have important implications for international trade?

Question

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The theory of new trade emerged in the 1980s when economists began to recognize the importance of economies of scale in international trade. This theory suggests that when firms can achieve economies of scale, they can reduce their costs and become more competitive in international markets, leading to greater trade flows.

Which of the Following Theories Began to Emerge When Economists