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The before-trade price of fish in Germany is $5.00 per pound. The world price of fish is $6.00 per pound. Germany is a price-taker in the fish market. If Germany allows trade in fish, then Germany will become an
a. exporter of fish and the price of fish in Germany will be $5.00.
b. exporter of fish and the price of fish in Germany will be $6.00.
c. importer of fish and the price of fish in Germany will be $5.00.
d. importer of fish and the price of fish in Germany will be $6.00.
Sagot :
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