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    Exam 17: International Trade
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    In a Perfectly Competitive World
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In a Perfectly Competitive World

Question 34

Question 34

Multiple Choice

In a perfectly competitive world:


A) two-way trade would not occur.
B) one-way trade would not occur.
C) neither one-way trade nor two-trade would occur.
D) both one-way trade and two-way trade would occur.

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