Explain why, in autarchy, the unregulated outcome

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Question 1: Depict Autarchy Prices and Output in HOME and FOREIGN. Compare.

Question 2: Show the social surplus in each country by identifying Consumer and Producer Surpluses.

Question 3: Explain why, in autarchy, the unregulated outcome (under perfect competition) maximizes social surplus. Prove that the claim is true.

Reference no: EM133706518

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