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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

Do consumers benefit from intra-industry trade?

To determine

To discuss: Whether Consumers benefits from intra-industry trade.

Explanation

Yes, consumers do benefits from intra-industry trade. Firstly, it gives opportunity of comparative advantages to consumers i.e. due to intra-trade, they have many goods of similar nature to compare and buy as per their satisfaction...

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