Please read this excerpt from How Canada's Supply Management System Works by John Paul Tasker, CBC...

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Please read this excerpt from "How Canada's Supply Management System Works" by John Paul Tasker, CBC News, June 16, 2018. Supply management is a system that allows specific commodity sectors - dairy, poultry and eggs - to limit the supply of their products to what Canadians are expected to consume in order to ensure predictable, stable prices [for farmers]. (...) The United States, in contrast, has largely maintained support for the farming sector through subsidies. So Americans foot the bill for farm supports indirectly, through the taxes they pay, while Canadians pay for those supports directly, through higher prices for supply-managed products. In order to sell their products, a [Canadian] farmer must hold a quota - basically a license to produce up to a set amount. The quota prevents market gluts that would cause prices to dip and disrupt farm incomes. (...) [Another] pillar of supply management is the imposition of high tariffs on foreign imports, a policy that makes these goods prohibitively expensive for Canadians, leaving domestic supply as virtually the only option for consumers. QUESTION: Who would gain from a policy of liberalization of the Canadian dairy industry where both the quotas and the tariffs on dairy products would be abandoned? Select ALL relevant answers, if any. Canadian producers because they would enjoy higher prices. American producers because they would have access to a greater share of the Canadian dairy market. Canadian consumers because they would pay less. Please read this excerpt from "How Canada's Supply Management System Works" by John Paul Tasker, CBC News, June 16, 2018. Supply management is a system that allows specific commodity sectors - dairy, poultry and eggs - to limit the supply of their products to what Canadians are expected to consume in order to ensure predictable, stable prices [for farmers]. (...) The United States, in contrast, has largely maintained support for the farming sector through subsidies. So Americans foot the bill for farm supports indirectly, through the taxes they pay, while Canadians pay for those supports directly, through higher prices for supply-managed products. In order to sell their products, a [Canadian] farmer must hold a quota - basically a license to produce up to a set amount. The quota prevents market gluts that would cause prices to dip and disrupt farm incomes. (...) [Another] pillar of supply management is the imposition of high tariffs on foreign imports, a policy that makes these goods prohibitively expensive for Canadians, leaving domestic supply as virtually the only option for consumers. QUESTION: Who would gain from a policy of liberalization of the Canadian dairy industry where both the quotas and the tariffs on dairy products would be abandoned? Select ALL relevant answers, if any. Canadian producers because they would enjoy higher prices. American producers because they would have access to a greater share of the Canadian dairy market. Canadian consumers because they would pay less.