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Why is an increase in the number of varieties of a good regarded as a gain from trade?

Can you think of economic disadvantages associated with greater product variety?

Please explain in detail.

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Why is an increase in the number of varieties of a good regarded as a gain from trade?

First of all any increase in the number of varieties available is an effect of trade liberalization and this will help consumers to find a product which is closer to their needs and this will ...

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