Explain how does global economic competition impact

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Q. Explain how does global economic competition impact the domestic market and decisions related to the strategy a firm uses to compete? Why do some economists oppose trade restrictions? Explain your answer.

Q. Suppose technological advances reduce the cost of making computers? use a supply and demand diagram to show what happens to price, quantity, consumer surplus, and producer surplus in the market for computers.

Reference no: EM1352369

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