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intra-industry trade


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Trade where goods of the same classification are both imported and exported. Intra-industry trade is a consequence of imperfect competition: firms with monopoly power sell to every country in which there is a profit margin. Intra-industry trade is contrasted with inter-industry trade, which arises from differences in resources between countries, so that a type of good is normally exported or imported, but not both.

Subjects: Economics.


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