2. Suppose foreign shrimp prices drop by 32 percent and importers gain a 90 percent market share. From this information, what would economists strongly suspect about this industry? Foreign sellers probably are colluding on price to maximize profits. The large sales of foreigners indicate they are better strategic business bargainers than Americans are. Foreigners have a comparative advantage in shrimping. Americans have a comparative advantage in shrimping.

2. Suppose foreign shrimp prices drop by 32 percent and importers gain a 90 percent market share. From this information, what would economists strongly suspect about this industry?
Foreign sellers probably are colluding on price to maximize profits.
The large sales of foreigners indicate they are better strategic business bargainers than Americans are.
Foreigners have a comparative advantage in shrimping.
Americans have a comparative advantage in shrimping.

find the cost of your paper