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Which is true of free trade blocs like the EU? Multiple Choice First-mover advantages are prevalent. Consumers in each country have less choice as competition
Which is true of free trade blocs like the EU? Multiple Choice First-mover advantages are prevalent. Consumers in each country have less choice as competition effects come into play. Individual markets for goods shrink. The cost of production generally rises because of import tariffs. Companies can capitalize on economies of scale in production
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