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Autarky Equilibrium
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Autarky Equilibrium. Beer. Beer. P US. A. A’. P MX. Nachos. Nachos. United States. Mexico. Free Trade Equilibrium. Beer. Beer. P MX. P US. B. C’. X of Beer. A. C. M of Beer. A’. B’. Nachos. Nachos. M of Nachos. X of Nachos. United States. Mexico.
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Autarky Equilibrium
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Presentation Transcript
Autarky Equilibrium Beer Beer PUS A A’ PMX Nachos Nachos United States Mexico
Free Trade Equilibrium Beer Beer PMX PUS B C’ X of Beer A C M of Beer A’ B’ Nachos Nachos M of Nachos X of Nachos United States Mexico
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