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Different firms produce differentiated products

Assignment Help Basic Computer Science
Reference no: EM132290346

Ture or False questions:

  1. The flatter the PP curve is the less international trade is going to lower markups.
  2. In the Krugman model (Monopolistic Competition IRS) opening up to trade forces the least productive firmes to exist the market (compared to autarky).
  3. Intra-industry trade is more likely to happen in industries where different firms produce differentiated products.

Reference no: EM132290346

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