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Explain the two contradictions between neoclassical models and empirical facts, which introduces the need for the Krugman model. 1. Explain the two contradictions between neoclassical

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Explain the two contradictions between neoclassical models and empirical facts, which introduces the need for the Krugman model.

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1. Explain the two contradictions between neoclassical models and empirical facts, which introduces the need for the Krugman model

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