Question: 7. Two countries engaged in trade in products with scale economies, produced under conditions of monopolistic competition, are likely to be engaged in a. inter-industry

7. Two countries engaged in trade in products with scale economies, produced under conditions of monopolistic competition, are likely to be engaged in a. inter-industry trade. b. price competition. c. intra-industry trade. d. Heckscher-Ohlinean trade. e. None of the above

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