1667EconomicsMedium
A feasible effect of international trade is that a (an)?
Apurely competitive firm in the home market becomes a monopolist
BMonopoly in the home market becomes an oligopoly in the world market
CPurely competitive firm in the home market becomes an oligopolist
DOligopoly in the home market becomes a monopoly in the world market
Correct answer
B. Monopoly in the home market becomes an oligopoly in the world market
Explanation
The correct answer is Monopoly in the home market becomes an oligopoly in the world market.