Q
A feasible effect of international trade is that a (an) ?
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A
A. Monopoly in the home market becomes an oligopoly in the world market
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B
B. Oligopoly in the home market becomes a monopoly in the world market
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C
C. Purely competitive firm in the home market becomes an oligopolist
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D
D. Purely competitive firm in the home market becomes a monopolist
Correct Answer:
A. A. Monopoly in the home market becomes an oligopoly in the world market