Well, if out of 4 freely trading equally sized civs one stops trading the other 3 will be receiving 1/3 less commerce.
Thus, as long as the civ who stopped trading gets at least 2/3 of benefit (commerce, hammers, gpp) it had when trading freely, mercantilism is better for it.
Thus, as long as the civ who stopped trading gets at least 2/3 of benefit (commerce, hammers, gpp) it had when trading freely, mercantilism is better for it.
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