Suppose the two countries we considered in the numerical example on pages 208212 were to integrate their
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Suppose the two countries we considered in the numerical example on pages 208–212 were to integrate their automobile market with a third country and a fourth country, which have an annual market for 2 million and 1 million automobiles, respectively. Find the number of firms, the output per firm, and the price per automobile in the new integrated market after trade. LO.1
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International Trade Theory And Policy
ISBN: 978-1292417233
12th Global Edition
Authors: Paul Krugman ,Maurice Obstfeld ,Marc Melitz
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