Briefly and intuitively explain why the number of varieties available to consumers after trade opens up between two countries will generally be less than the sum of varieties available in the countries before trade.

Briefly and intuitively explain why the number of varieties available to consumers after trade opens up between two countries will generally be less than the sum of varieties available in the countries before trade.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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