- Words: 2269
- Length: 7 Pages
- Topic: Economics
- Paper #: 89372418
intra-industry international trade within the standard international trade classification SITC6, which represents manufactured foods classified chiefly by material. The scope of this paper is limited to processed foods, and includes analytical frameworks from the gravity model, and classic approaches to product differentiation, product commoditization, pricing, and market structure.
References to market structures in the literature typically oversimplify the dynamics influencing the development of market types -- perfect competition, monopolistic competition,