hout free trade, Sapphira has market power as a local producer. Once free trade is implemented in the local economy, Sapphira er able to raise its prices above competitive levels. lous scenario represents which of the following benefits of free trade? An enhanced flow of ideas Increased variety of goods Increased competition Lower costs through economies of scale

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A:

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A: *Answer:

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A: Since you posted multiple questions, we will provide the answer for first questions.

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A: Equilibrium is achieved at the output level where Qs equals Qd.

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A:

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A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…

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A: Desclaimer:- as you posted multipart questions we are supposed to solve first 3only . Market…

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A: Autarky : Autarky can be defined as the situation in which a country cannot trade with other…

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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: Answer:- Сhоiсe  D  is  the  right,  The  mоst  effiсient  firms  will  сreаte  аn…

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Q: law of comparative advantage

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A: Hi, I am allowed to answer 1st 4 sub parts, which I have answered to maximum. Absolute Advantage…

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A: "Since you have asked multiple questions, we will answer only first question for you. If you have…

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A: When talking about external economies of scale, it is tha situation when a company is producing it's…

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