Would the formation of a customs union

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Other things equal, would the formation of a customs union with many members be more likely or less likely to improve welfare for a given member country than the formation of a customs union with only a few members? Why or why not? Other things equal, would the formation of a customs union be more likely or less likely to enhance welfare for a given member country if that country had very high pre-union tariffs than if it had very low pre-union tariffs? Why or why not?

Reference no: EM131112671

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