=+8. A particular metal is traded in a highly competitive world market at a world price of

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=+8. A particular metal is traded in a highly competitive world market at a world price of $9 per ounce.

Unlimited quantities are available for import into the United States at this price. The supply of this metal

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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