Business, 21.03.2020 05:45, LilCookies1

Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $35. Suppose that the world price of meekers is $21. Assume that Meekertown is too small to influence the world price of meekers once it enters the international market.
If Meekertown allows free trade, then it will (import/export) meekers.

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Consider the market for meekers in the imaginary economy of Meekertown. In the absence of internatio...