Repercussions of International Trade on the Market Power of Firms in Different Market
The purpose of this paper is to provide an introduction of market power in different market structures and how this market power diminishes because of international trade and the effects on welfare. A review of relevant literature from Pugel (2012), McConnel Bruce and Flynn (2012) and Bernheim and Winston (2014) provides the effects of international trade on the market power conditions in different market structures and the effects on welfare. Asprilla, Berman, Cadot and Jaud (2019), Feenstra (2018), Devereux and Lee (2001) and Krugman (1994) serve to provide further evidence through PTM literature, gains from trade, bilateral exchange rate shocks and protectionism.
 Bernheim, B.D., Whinston, D.M. 2014. Microeconomics. 2nd Edition, McGraw-Hill Higher Education, ISBN: 978-0073375854, 848 p.
 Feenstra, R.C. 2018. Alternative Sources of the Gains from International Trade: Variety, Creative Destruction, and Markups. Journal of Economic Perspectives, 32(2): 25-46.DOI: 10.1257/jep.32.2.25
 Krugman, P.R. 1994. Rethinking International Trade. Cambridge, Massachusetts: MIT Press. ISBN: 978-0262610957, 200 p. DOI: https://doi.org/10.1111/j.1467-6435.1991.tb01807.x
 McConnell, R.C., Brue, L.S., Flynn, M.S. 2012. Selected Materials from Microeconomics 19/e, Econ 2, Berkeley City College. United States: McGraw Hill.
 Michael, B.D, Khang, M.L. 2001. Dynamic gains from international trade with imperfect competition and market power. Review of Development Economics, 5(2): 239-255. DOI: https://doi.org/10.1111/1467-9361.00121
 Pugel, A.T. 2012. International Economics: 16th Edition. United States, McGraw-Hill Education, ISBN: 978-0078021770, 800 p.
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