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How firms react to a given shock may depend on the degree to which rivals are present and on whether potentially viable entrants to that market exist. A preferred supplier market presence and threat of entry lessen a nonmember country's price reaction to most-favored-nation trade liberalization and increase its price reaction to preferential trade liberalization.
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Market presence, contestability, and the terms-of-trade effects of regional integration
2001, World Bank, Development Research Group, Trade
Electronic resource
in English
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Book Details
Edition Notes
Includes bibliographical references.
Title from title screen as viewed on Sept. 23, 2002.
"January 2001"--Cover.
Also available in print.
Mode of access: World Wide Web.
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