Assume that a procedure yields a ba. Based on who opposes and who supports free trade, do you think the world milk price is above or below the Canadian no-trade milk price? Do you think the world lumber price is above or below the Canadian no-trade lumber price? Now analyze the welfare consequences of free trade for both markets.inomial distribution with n = 8 trials and a probability of success of p = 0.05. Use a binomial probability table to find the probability that the number of successes x is exactly 3. LOADING... Click on the icon to view the binomial probabilities table