Advanced Questions

1:

A feasible effect of international trade is that a (an)

A.

Monopoly in the home market becomes an oligopoly in the world market

B.

Oligopoly in the home market becomes a monopoly in the world market

C.

Purely competitive firm in the home market becomes an oligopolist

D.

Purely competitive firm in the home market becomes a monopolist

 

Answer : A

Explanation :

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Option: A

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