Which of the following is NOT a reason for the development of modern firm-based trade theories?
A. Recognition of the growing importance of MNCs in the postwar international economy
B. The recognition that countries, not firms, are the agents for international trade
C. Firm-based theories incorporate factors such as quality, technology, brand names, and customer loyalty into explanations of trade flows
D. The inability of the country based theories to explain and predict the existence and growth of intraindustry trade
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