Under what conditions could an import quota and a tariff have exactly the same effect on price

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Under what conditions could an import quota and a tariff have exactly the same effect on price and bring the same gains and losses (given a tariff level that restricts imports just as much as the quota would)?

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International Economics

ISBN: 9780078021770

16th Edition

Authors: Thomas Pugel

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Question Posted: Mar 23, 2024 10:01 AM

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Under what conditions could an import quota and a tariff have exactly the same effect on price

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International Economics

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