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Business, 02.10.2019 03:00 ijohnh14

Suppose that the nation of micronesia decides to participate in the international trade of timber. 1. shift the line representing the world price in a way that results in micronesia exporting timber. 2. adjust the shaded area so that it correctly represents producer surplus for micronesia\'s firms once the country is open to international trade.

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Suppose that the nation of micronesia decides to participate in the international trade of timber. 1...

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