Suppose the two countries we considered in the numerical example on pages 166169 were to integrate their
Question:
Suppose the two countries we considered in the numerical example on pages 166–169 were to integrate their automobile market with a third country, which has an 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.
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To solve this problem we need to first find the equilibrium number of firms in the three country int...View the full answer
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Related Book For 
International Economics Theory and Policy
ISBN: 978-0273754206
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
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