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4. Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in a.

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4. Two countries engaged in trade in products with no scale economies, produced under conditions of perfect competition, are likely to be engaged in a. monopolistic competition. b. Heckscher-Ohlin trade. c. intra-industry trade. d. inter-industry trade. e. None of the above

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