Question: Countries A, B and C are located within the same region. They have noticed that other countries are negotiating and forming new trade agreements. Among

Countries A, B and C are located within the same region. They have noticed that other countries are negotiating and forming new trade agreements. Among themselves (Countries A, B and C), the three countries have agreed to significantly reduce or abolish tariffs altogether among them, while each member country (A, B and C) keeps its own tariffs in regard to third countries. What level of economic integration did they form?

	a.	common market
	b.	Customs union
	c.	Free trade area
	d.	Preferential tariff

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