Question: For the previous question, find a quota that would have equivalent effects to the $5 tariff. Show the effects, numerically and diagrammatically, on Home and

For the previous question, find a quota that would have equivalent effects to the $5 tariff. Show the effects, numerically and diagrammatically, on Home and Foreign welfare (a) under the assumption that Home traders capture the quota rents; (b) under the assumption that foreign traders capture the quota rents.

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