Why countries often import and export varieties of the goods


Problem

Why countries often import and export varieties of the same type of goods? Can Ricardian or H-O Models explain this phenomenon? Relate the vertical and horizontal intra-industry trade to Monopolistic competition Model of Trade.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why countries often import and export varieties of the goods
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