What does the intra-industry trade theory describe?

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Describes why the U.S. exports automobiles and imports garmentsDescribes why the U.S. both exports and imports varied forms of the same product, like different car modelsPresumes that transportation expenses are minimal or nonexistentDisregards the impact of seasonal factors on agricultural products

Explanation

Intra-industry trade theory accounts for the simultaneous export and import of different varieties of the same product, such as various types of automobiles, by the same country.