One day, the King of Wiknam decrees that henceforth there will be free trade—either imports or exports—of soccer balls at the world price of $6. The firm is now a price taker in a competitive market.
3. The firm will [ Select ] ["export", "import"] soccer balls domestic production will [ Select ] ["drop", "rise"] to [ Select ] ["10", "5", "3", "4", "8", "7", "6", "9"] soccer balls, domestic consumption will [ Select ] ["drop", "rise"] to [ Select ] ["3", "2", "1", "7", "9", "8", "5", "4", "6"] .