Economics · Economics

In the Heckscher-Ohlin model, what type of competition is assumed in the factor markets?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Perfect competition✓
2Imperfect competition
3Monopoly
4Oligopoly

Correct answer

Perfect competition

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In the Heckscher-Ohlin model, what type of competition is assumed in the factor markets?

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In the Heckscher-Ohlin model, what type of competition is assumed in the factor markets?

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