Question: Answer the following question with a specific explanation Question 8 A tariff protecting domestic monopolist will O generally lead to a higher level of domestic

Answer the following question with a specific explanation

Answer the following question with a specific explanation Question 8 A tariff

Question 8 A tariff protecting domestic monopolist will O generally lead to a higher level of domestic welfare than an equivalent quota O always improve welfare of a domestic country O be always equal to an equivalent quota O generally lead to a lower level of domestic welfare than an equivalent quota Question 9 Import tariff against a foreign monopolist O welfare improving only if a foreign firm is not dumping O welfare improving only if a foreign firm is dumping O can increase domestic welfare O always leads to a decrease in domestic welfare

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