4. Tables 11-1 and 11-2 presented a situation in which European governments were able to use a...
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4. Tables 11-1 and 11-2 presented a situation in which European governments were able to use a subsidy to achieve a strategic advantage, while Tables 11 -3 and 11 -4 presented a situation in which it could not. What is the crucial distinction between these two cases? That is, what is the general rule for determining when a subsidy can work?
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International Economics Theory And Policy
ISBN: 9780321116399
6th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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