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Howlarge are the welfare gains from trade when factors are misallocated due to domestic this paper I provide a theoretical , a quantitative answer

Russ Roberts, host of EconTalk, does a monologue this week on the economics of trade and specialization Economists have focused on David Ricardo s idea of. A type of market that does not operate under the rigid rules of perfect competition Perfect competition implies an industry or market in which no one supplier can.

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