Refer to the economy represented in the Graph in Question 1. A. Does this economy have competitive markets for either or both of the two products X and Y? Explain your answer. B. Given your answers to Part A, can the Hechsher-Ohlin model be used to explain trade? Explain your answer. C. If there is a second country with identical PPC and community indifference curve, can the two engage in trade? What shall be the nature of the trade? Explain. D. What is intra-industry trade? If the graph in Question 1 relates to intra industry trade, are X and Y likely to represent cerea and chemicals (option A) or, wholegrain cereal and chocolate coated cereal (option B). Explain your answer. Edit Format Table 12pt Paragraph BI U A _ T