Explain, using graphs, how the equilibrium in an industry in the Krugman's model changes when the size of the market increases (perhaps by economic integration).

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter8: Monopoly
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Explain, using graphs, how the equilibrium in an industry in the Krugman's model changes when the size of the market increases (perhaps by economic integration).

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Equilibrium in an industry in the Krugman's model changes when the size of the market increases. It is explained with the help of a figure as shown below.

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