ECON 111 Chapter Notes - Chapter 33: Asteroid Family, Predatory Pricing, Market Power
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ECON 111 Full Course Notes
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Ragan, microeconomics, 15th canadian edition, toronto: pearson canada inc. , The material in this document is taken from the mentioned source and should be used for reference only. The document compiler cannot assure 100% accuracy as there may be errors present in this document. The mentioned source should be used if there is any doubt on information accuracy. In addition, without permission from the owners (direct or indirect), the material in this document cannot be reproduced. Earning economic profits in foreign markets 2. Exports are good; imports are bad 3. Quotas and voluntary export restrictions (vers) 4. The north american free trade agreement 8. 33. 1: free trade or protection: most governments accept that relatively free flow of international trade is desirable for the health of individual economies, heated debates occur over trade policy. Completely free flow or use policies to restrict flow of trade? (protect domestic producers)