If a resource can be traded internationally, then it is less likely that a single domestic supplier will be able to price at the monopoly price.

Name: If a resource can be traded internationally, then it is less likely that a single domestic supplier will be able to price at the monopoly price.
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Question

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When a resource can be traded internationally, there is increased competition in the domestic market, making it less likely for a single domestic supplier to have monopoly power and price at the monopoly price.

If a Resource Can Be Traded Internationally, Then It Is