What is the theory of the second best? In what way is the theory of customs unions

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What is the theory of the second best? In what way is the theory of customs unions an example of the theory of the second best?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:28 AM

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What is the theory of the second best? In what way is the theory of customs unions

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The theory of second best states that if all the conditions needed to maximize welfare ...View the full answer

International Economics

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