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How to establish the price range that will make trade advantageous to both countries: 0 What is the minimum price a seller (exporter) will accept?
How to establish the price range that will make trade advantageous to both countries: 0 What is the minimum price a seller (exporter) will accept? How or why do you know? What are the relative prices of reference? 0 What is the maximum price a buyer (importer) will pay? How or why do you know? What are the relative prices of reference? 0 How do these prices relate to the slope of each country's PPF? To the opportunity cost of producing each good for Home and for Foreign
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