In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benets of international trade. Consider the following scenario: Without free trade, Diamonique has market power as a local producer. Once free trade is Implemented In the local economy, Diamonique is no longer able to raise its prices above competitive levels. The previous scenario represents which of the following benets of free trade? 0 Lower costs through economies of scale 0 An enhanced flow of ideas 0 Increased competition 0 Increased variety of goods