While it is correct that all consumers should benefit from free trade and competition, select a common and equally correct fact about free trade:
a. All consumers will be better off under fair trade and competitive institutional regimes.
b. All consumers will be better off under protectionist trade and competitive institutional regimes.
c. Competitive institutional regimes are not consistent with free trade zones.
d. Some consumers will benefit more than others while some will be harmed by free trade.
Ans: d
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