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In the 2-good, 2-country model with increasing coats, the output quantities are determined only by considering society's preferences as illustrated with community indifference curves. However,
In the 2-good, 2-country model with increasing coats, the output quantities are determined only by considering society's preferences as illustrated with community indifference curves. However, in the same model, it is possible to determine the post-trade consumption point in each country without indifference curves." Are these statements true, false, or partly true and partly y false? Justify your
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