An industry is characterized by scale economies and exists in two countries.In order for consumers of its products to enjoy both lower prices and more variety of choice
A) the two countries must engage in international trade with each other.
B) each country's marginal cost must equal that of the other country.
C) the marginal cost of this industry must equal marginal revenue in the other.
D) the monopoly must lower prices in order to sell more.
E) they must combine to become a multinational corporation.
Correct Answer:
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Q12: Under the model of monopolistic competition, a(an)
Q22: Q25: Q26: Q33: Two countries engaged in trade in products Q35: A firm in long-run equilibrium under monopolistic Q38: International trade based solely on internal scale Q40: A monopoly firm engaged in international trade Q41: A corporation is considered a multinational _ Q42: Consider the following two cases.In the first,a Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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