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Under the New Trade Theory, which outcome is most likely when a country first to market in a particular industry gains significant economies of scale?
"Under the New Trade Theory, which outcome is most likely when a country first to market in a particular industry gains significant economies of scale?
A The country will inevitably lose its competitive advantage as other countries rapidly adopt the same technology.
B The market will naturally evolve into a perfectly competitive market with many small producers.
C The country will maintain a longterm monopoly in the industry due to insurmountable barriers to entry for other countries.
D The country may establish a dominant position in the global market, making it difficult for later entrants to compete effectively.
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