1)The monopolistic competition model does hint to a selection effect within indu

Sunday July 31, 2022

1)The monopolistic competition model does hint to a selection effect within industries although ituses a representative firm which implies that the model is silent about the microadjustments of trade.Give some examples of new stylised facts that call in question this silence and therefore also
the lack of detail in models with a representative firm. In addition use the dataset assignment3data.dta to support these stylised facts.
2)Use the dataset assignment3data.dta to estimate the importance of sunk costs of exporting in the industry
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