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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What are the two main sources of economic gains from intra-industry trade?

To determine

To state: The economic benefits from the intra-industry trades.

Explanation

Intra-industry trade is a trade that is done between two similar industries. There are two main economic benefits from this trade. First one depends on the effects of opening trade on its type. If intra-industry trade is sufficiently prevailing, the advantages of extending market will prevail over the distributional effe...

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