When Individuals and Businesses Are Permitted to Trade Freely Over

Multiple Choice

When individuals and businesses are permitted to trade freely over a larger market area,

A) wages will decline to the level of the poorest country in the region.
B) the monopoly power of business firms will increase.
C) they will be able to produce a larger output and consume a more diverse bundle of goods.
D) businesses will be able to earn higher profits, but the income levels of individuals will decline.