Rank the following in ascending order of Home welfare and justify your answers. If two items are

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Rank the following in ascending order of Home welfare and justify your answers. If two items are equivalent, indicate this accordingly.
a. Tariff t in a small country with perfect competition
b. Tariff t in a small country with a Home monopoly
c. Quota with the same imports M in a small country, with a Home monopoly
d. Tariff t in a country facing a Foreign monopoly
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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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