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Consider a Heckcher-Ohlin trade model with 3 countries, A, B and C. Suppose that A and B are each small open economies and C is
Consider a Heckcher-Ohlin trade model with 3 countries, A, B and C. Suppose that A and B are each small open economies and C is a large open economy. Suppose that autarky prices relative to the free trade price, p*, are defined as follows,P A > P B > P ? > P C, where
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