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Q. Is it possible that if positive scale economies characterize an industry, that its equilibrium can be consistent with purely competitive conditions? Explain how this would happen.
Answer: Yes if the degree economies were external to the firm afterwards there is no reason why the firms may not be in perfect competition.
What are the two main base of foreign trade ?
Revisions of Conventional Trade Theory
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Brifly explaine the alternative explanation to the theory of international trade
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