Explain how increasing returns to scale in production can, Business Economics

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Explain how increasing returns to scale in production can

1. Explain how increasing returns to scale in production can be a basis for trade.

2. If the foreign export supply is perfectly elastic, what is the optimal tariff that Home should apply to increase welfare? Explain

3. If the foreign export supply is less than perfectly elastic, what is the optimal tariff that Home should apply to increase welfare?

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Business Economics: Explain how increasing returns to scale in production can

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Business Economics: Explain how increasing returns to scale in production can

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