Which of the following in international trade is accurate: imperfect competition increases the volume of trade. product differentiation can lead to intra-industry trade. regional specialization can result to increase in trade flow. all of the above.
Added by Kathryn S.
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This statement is accurate because in imperfectly competitive markets, firms have some degree of market power which can lead to increased trade as firms seek to exploit market opportunities and gain a competitive advantage. Show more…
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