It may be optimal for a country to restrict the exports of some commodity for which it
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It may be optimal for a country to restrict the exports of some commodity for which it is a principal exporter. Examine this statement. In particular, address the question of why individual exporters do not spontaneously impose export restrictions on themselves even if it is optimal for them to do so as a group.
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Export restrictions can be a controversial topic as they can have significant impacts on both the domestic and international markets In some cases it ...View the full answer
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