modern theory of trade
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Modern theory of trade emphasizes that there is market imperfection. According to this approach the market imperfections are structural i.e. imperfections of monopolistic nature. Market imperfections arise from the specific advantage also known as ownership advantages enjoyed by an enterprise.
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Modern theory of trade emphasizes that there is market imperfection. According to this approach the market imperfections are structural i.e. imperfections of monopolistic nature. Market imperfections arise from the specific advantage also known as ownership advantages enjoyed by an enterprise.
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