Question
Gains from trade in the model of monopolistic competition are not driven by: a) higher firm-level output at the equilibrium b) different consumer tastes c)
Gains from trade in the model of monopolistic competition are not driven by:
a) higher firm-level output at the equilibrium
b) different consumer tastes
c) all other options are drivers of gains from trade
d) a larger number of varieties
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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