Consider two countries which do not borrow from, or lend to, the rest of the world. Both countries have the same population, technology, and the same preferences, but in country A, markets are more competitive (and so the mark-up is lower) than in country B. Assume both countries are in their long run steady state and evaluate the following statements:Consider two countries which do not borrow from, or lend to, the rest of the world. Both countries have the same population, technology, and the same preferences, but in country A, markets are more competitive (and so the mark-up is lower) than in country B. Assume both countries are in their long run steady state and evaluate the following statements: Y grows faster in country A Y will be higher in country A K grows faster in country A K will be higher in country A