1) One advantage of the specialization that results from international trade is that countries can take advantage
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22) The Internet has made transactions between businesses (B2B trading) fast and easy. Any business in any location can access specialized knowledge, labor, and materials. It is likely that these virtual economic communities will result in
A) suppression of innovations and collusive behavior, driving up prices.
B) internal economies of scale.
C) consolidation of industries into a small number of powerful firms.
D) external economies of scale.
E) government intervention and regulation. Get Economics homework help today
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