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The price of coffee in Autarkia, a close economy, is $3 per pound. Suppose the world price of coffee is $5 per pound. If Autarkia
The price of coffee in Autarkia, a close economy, is $3 per pound. Suppose the world price of coffee is $5 per pound. If Autarkia opens the domestic market to international trade, Autarkia will become a(n) of coffee. Multiple Choice net importer net exporter price taker price setter
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