A feasible effect of international trade is that a (an):
Options:
| a. Monopoly in the home market becomes an oligopoly in the world market b. Oligopoly in the home market becomes a monopoly in the world market c. Purely competitive firm in the home market becomes an oligopolist d. Purely competitive firm in the home market becomes a monopolist |
The Correct Answer Is:
a. Monopoly in the home market becomes an oligopoly in the world market