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International Trade a. Explain Inter-industry trade and Intra-industry trade. b. What's the meaning for that the index of intra-industry trade is zero and one, respectively.

International Trade

a. Explain Inter-industry trade and Intra-industry trade.

b. What's the meaning for that the index of intra-industry trade is zero and one, respectively.

c. Explain the Gravity equation in Trade. Hint, explain each term, then discuss the relationships of those terms.

d. What's the two main features of monopolistic competition.

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