Describe what world trade would look like in this case

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Reference no: EM133298563

Case: Imagine a interconnected world with economies of scale that are external to firms, and also external to individual countries. That is, the larger the worldwide industry (regardless of where firms or plants are located), the cheaper would be the per-unit cost of production.

Question: Describe what world trade would look like in this case

Reference no: EM133298563

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