Trade costs affect the following EXCEPT O how a firm responds to competition in a market. O how a firms will let go of profit for the benefit of domestic and overseas customers. O how much a firm will lower its markup for the export market. whether a firm will export their products.

Trade costs affect the following EXCEPT O how a firm responds to competition in a market. O how a firms will let go of profit for the benefit of domestic and overseas customers. O how much a firm will lower its markup for the export market. whether a firm will export their products.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter18: International Trade And Comparative Advantage

Section: Chapter Questions

Problem 6DQ

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Trade costs affect the following EXCEPT
O how a firm responds to competition in a market.
O how a firms will let go of profit for the benefit of domestic and overseas customers.
how much a firm will lower its markup for the export market.
O whether a firm will export their products.

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