Suppose the US is exporting corn. What can we say is true for the domestic market...

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Suppose the US is exporting corn. What can we say is true for the domestic market for corn? O World price is above the domestic equilibrium price Total surplus is lower with trade than if trade was banned O Less is produced domestically with trade than if trade was banned O Producer surplus is lower with trade than if trade was banned Suppose the US is exporting corn. What can we say is true for the domestic market for corn? O World price is above the domestic equilibrium price Total surplus is lower with trade than if trade was banned O Less is produced domestically with trade than if trade was banned O Producer surplus is lower with trade than if trade was banned

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Producer surplus is lower with trade than if trade was ... View the full answer