Please brie y evaluate the following arguments: true or false? Please explain why?
(a) A foreign firm that competes in prices with a domestic rm in the domestic market su ers
from facing a quota.
(b) Suppose that two rms, producing substitute but di erentiated products, compete in
prices. A government-imposed oor on rm 1’s price may increase rm 1’s pro t.
(c) Suppose a domestic rm and a foreign rm compete in quantities in the foreign market.
The domestic rm bene ts from an export subsidy that induces it to expand its output.
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