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Business, 21.05.2020 19:05 yolomcswaggin20
Welfare effects of a regional trading arrangement are not always static. There are also dynamic gains that influence growth rates over the long run and offset unfavorable static effects due to trade diversion. Which of the following represent dynamic gains from creating a customs union? Check all that apply. a) Higher tariff revenues b) Market enlargement c) Economies of scale d) Greater monopoly power of domestic producers
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