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SEM203 International Economics, 2017 September Semester Tutorial 7 for Discussion on the Week of 4 December 2017 Question 1. Suppose the two countries we considered

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SEM203 International Economics, 2017 September Semester Tutorial 7 for Discussion on the Week of 4 December 2017 Question 1. Suppose the two countries we considered in the numerical example on pages 206-210 were to integrate their automobile market with a third country, which has annual market for 3.75 million automobiles. Find the number of firms, the output per firm, and the price per automobile in the new integrated market after trade. (Chapter 8, Problem 2)

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