Question: please slove correct answer Economics NOTE: -PLEASE ONLY ANSWER IF CONFIDENT. THIS QUESTION HAS ALREADY RECEIVED A WRONG ANSWER.- A government is debating whether or

please slove correct answer

Economics NOTE: -PLEASE ONLY ANSWER IF CONFIDENT. THIS QUESTION HAS ALREADY RECEIVED A WRONG ANSWER.- A government is debating whether or not to allow the free trade of milk. Assuming that markets are perfectly competitive: a) Under what circumstances would this country want to import milk? b) Assume that trade is allowed. Fully discuss what the impact would be for consumers & domestic producers IN THE CONTEXT OF ECONOMICS

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