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2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of nternational trade, the
2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of nternational trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39. Assume that Meekertown is too small to influence the world price of meekers once it enters the nternational market. If Meekertown allows free trade, then it will (export or import) meekers. Given current economic conditions in Meekertown, complete the following table by indicating whether each of the statements is true or false
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