11 Suppose that if Iceland and Japan were both closed economies, the domestic price of fish would be $100 per tonne in Iceland and $90 per tonne in Japan If the two countries decided to open up to in...

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11 Suppose that if Iceland and Japan were both closed economies, the domestic price of fish would be $100 per tonne in Iceland and $90 per tonne in Japan If the two countries decided to open up to international trade with each other, which of the following could be the equilibrium international pri...

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11. Suppose that if Iceland and Japan were both closed economies, the domestic price of fish would...

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Microeconomics