According to new trade theory, what is most likely to be a result of market expansion due to trade?
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Solution 1
According to the New Trade Theory, the most likely result of market expansion due to trade would be increased returns to scale for businesses and greater variety of goods and services for consumers. Here's a step-by-step explanation:
- Market Expansion: When trade expands, businesses gain access t Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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