The market for USB flash drives in Country C is perfectly competitive and is in equilibrium. Domestic
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Question:
The market for USB flash drives in Country C is perfectly competitive and is in equilibrium.
Domestic demand is given by Qd = 300 – 4P and domestic supply is given by Qs = 2P.
The world price for flash drives is $20.
The government of country C imposes a tariff of $20 on all imported flash drives.
Before the tariff was imposed, country C imported MFree flash drives.
After the tariff is imposed, country C now imports MTrf flash drives.
What is MFree and MTrf?
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