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a) Explain how internal economies of scales and monopolistic competition can be used to explain for intra-industry trade, and North-North trade? b)Refer to the table

a) Explain how internal economies of scales and monopolistic competition can be used to explain for intra-industry trade, and North-North trade?

b)Refer to the table below and based on the gravity equation, compare the expected level of trade between Bangladesh and Sri Lanka, and between Bangladesh and India.

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