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What is International Economics: Trade Theories Explained about?
Chapter 8 of ECON 353 discusses internal economies of scale and new trade theory, focusing on monopolistic competition and monopoly models in international trade. It explores the effects of free trade on product prices, firm behavior, and consumer welfare, highlighting the differences between neo-classical and new trade theories. Additionally, it examines productivity differences, trade costs, and the role of multinational companies in international trade dynamics.
- Author
- Taylan Tırpan
- Language
- EN