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In the following diagram, Malaysia (M) and Indonesia (I) are large relative to each other but small relative to the world (W). Shown in the

In the following diagram, Malaysia (M) and Indonesia (I) are large relative to each other but small relative to the world (W). Shown in the diagram are the import-demand curve for Malaysia in good X and the export-supply curves of Indonesia and the World. Prices are in $ and units are in tons. Malaysia and Indonesia are considering a free trade agreement (FTA) between them.

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