Question: 1. Describe the term firm heterogeneity . 2. How does a firm decide to enter an industry? 3. Describe the difference between a snake and

1. Describe the termfirm heterogeneity.

2. How does a firm decide to enter an industry?

3. Describe the difference between a snake and a spider type of global value chain.

4. Why do MNCs exist?

5. Describe the OLI approach to FDI.

6. What is the difference between vertical and horizontal FDI?

7. Describe transfer pricing.

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