Suppose you can collect country level trade flows and gdp, Ask an Expert

Economics

Q. In monopolistic competition model of trade, countries trade because they like to consume all available varieties. Suppose you can collect country level trade flows and GDP data. Explain how can you verify monopolistic competition model with data? Illustrate what do you expect is impact of transportation costs?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9306586

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