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Chairtopia Ltd . . is a firm operating in a small economy. If Chairtopia Ltd . . can produce more goods, it can do so

Chairtopia Ltd. is a firm operating in a small economy. If Chairtopia Ltd. can produce more goods, it can do so at a lower cost per unit. When the economy opens itself up to international trade, Chairtopia Ltd. is able to enjoy these lower costs since it can now serve a larger market. Discuss?

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