Question
When Ozland closes off to trade, it notices that the number of firms in an industry doubles in size. What economic theory would help us
When Ozland closes off to trade, it notices that the number of firms in an industry doubles in size. What economic theory would help us explain this phenomenon?
A.Stolper-Samuelson.
B.Melitz.
C.Ricardian.
D.Cournot.
(1 mark)
Explain your answer and using a diagram
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
