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Social Studies, 24.04.2021 22:20 isanaty7951

What is the equilibrium world price? A. An average of the highest and lowest prices being paid for a product anywhere in the world
B. The price that equates the quantities supplied and demanded globally through international trade
C. The price that would prevail in a closed economy that does not engage in international trade
D. The price that prevails when all nations involved have established trade barriers

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