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Question
Myra is a firm producing premium handbags for women. These bags are manufactured and patented in the country of Ceria. Manufacturers in the country of Argonia create counterfeit Myra bags and sell them in the local markets of Argonia. These bags are sold at almost similar prices to the original in other countries. Which of the following is likely to happen?A.Expansion of world market for Cerian products
B.Reduction in the export opportunities for Myra's hand bags in Argonia
C.Reduction in import of all Argonian goods
D.Increase in the prices of handbags produced by Myra in Argonia
E.Reduction in opportunities of export from Argonia to other countries
Answer
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