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According to the new trade theory, when a country opens up to international trade? A. reduces competition domestically making every domestics firm better off. B.
According to the new trade theory, when a country opens up to international trade?
A. reduces competition domestically making every domestics firm better off.
B. access to additional markets makes every domestics firm better off.
C. access to additional markets makes every domestics firm worse off.
D. additional competition in the domestic market drives the least productive domestic firms out of business.
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