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In the Melitz Model with internal economies of scale and asymmetric costs across firms, opening to trade leads to A. No gains from trade B.
In the Melitz Model with internal economies of scale and asymmetric costs across firms, opening to trade leads to
A. No gains from trade
B. Exit of some of the low-cost firms
C. Exit of some of the high cost firms and output expansion by the low-cost firms
D. Entry of some high-cost firms
E. Contraction of output in some low-cost firms
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