The increase in consumer surplus is being driven by two main factors. F irst, increased competition necessarily leads to innovation, and lower prices….

The increase in consumer surplus is being driven by two main factors. F irst, increased competition necessarily leads to innovation, and lower prices. As price falls, consumption increases and so does consumer surplus. Â Secondly, with fewer and fewer barriers to trade, countries are able to focus on producing those goods and services that they are best

 
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