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2. (25 marks) Assume a standard Heckscher-Ohlin model of two competitive industries: C and F (where C is labour-intensive) with unit cost functions c (w,

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2. (25 marks) Assume a standard Heckscher-Ohlin model of two competitive industries: C and F (where C is labour-intensive) with unit cost functions c (w, r) and of (w, r), respectively. Using algebra to derive w and f when pc > 0 and PF=0 (and show w/pc>1 and r

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