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Economics

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1. What are real-world examples do you have of unfair trade practices related to intellectual property rights or other international trade issues?

2. Under what circumstance, if any, do you feel the labor argument is a valid argument for erecting trade barriers?

3. Under which three of our four models of market structure do firms have some control over the prices they charge?

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Solution Summary

Real-world examples of unfair trade practices are provided. The four models of market structures firms have control over the prices they charge are provided.

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1. What are real-world examples do you have of unfair trade practices related to intellectual property rights or other international trade issues?

Some real-world examples of unfair trade practices include that of children. Many have a huge impact on this because they help to export goods from their own country to a number of other regions around the world. They should not have to work at the age in which they are at that time, so this makes it difficult for the FTC to enforce anything, unless firms speak up of what is going on and do ...

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