Trade costs affect the following EXCEPT O how a firm responds to competition in a market. O how a firms will let go of profit for the benefit of domestic and overseas customers. O how much a firm will lower its markup for the export market. whether a firm will export their products.

Trade costs affect the following EXCEPT O how a firm responds to competition in a market. O how a firms will let go of profit for the benefit of domestic and overseas customers. O how much a firm will lower its markup for the export market. whether a firm will export their products.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter9: Price Takers And The Competitive Process

Section: Chapter Questions

Problem 12CQ

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Trade costs affect the following EXCEPT
O how a firm responds to competition in a market.
O how a firms will let go of profit for the benefit of domestic and overseas customers.
how much a firm will lower its markup for the export market.
O whether a firm will export their products.

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