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This video seeks to make the point that if international trade is beneficial when a domestic industry is competitive, it's even more so when...

This video seeks to make the point that if international trade is beneficial when a domestic industry is competitive, it's even more so when that domestic industry is a monopoly. International free trade can force a monopolist to produce as if it is a competitive industry. This is especially important for smaller countries, which are likely to have more monopolies.

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