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International Economics (Subject) / Economies of Scale, Imperfect Competition and International Trade (Lesson)
- External economies of scale: Why are large firms more efficient than small firms? specialized suppliers knowledge spillovers labour market pooling
- characteristics of intra-industry trade exchange of similar products with different countries benefitting from larger markets
- characteristics of intra-industry trade exchange of similar products with different countries benefitting from larger markets
- What is the difference between intra- and inter industry trade? inter industry trade reflects comparative advantage intra industry trade is unpredictable and happens between similar countries
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