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How can international trade take place according to the product differentiation or monopolistic competition theory? (50 marks) In what ways does monopolistic competition theory of

How can international trade take place according to the product differentiation or monopolistic competition theory? (50 marks) In what ways does monopolistic competition theory of trade represent an extension of the theories presented by Ricardo and Heckscher-Orlin. (30 marks) Evaluate the evidence that trade among nations follows the prediction of monopolistic competition theory. (20 marks)

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