Question: When trade ( international trade ) is allowed, suppose widgets can be obtained from the Rest of the World ( the other country ) at

When trade (international trade) is allowed, suppose widgets can be obtained from the Rest of the World(the other country) at the world price of $3, and that Econland can import as many units as they want without the world price changing (as was the case in class). Suppose that the government decides to impose an import quota of 2 units in this market. After this government trade policy is used, how much is the deadweight loss in the Econland widget market that comes from too many domestic producers producing (when compared with before the policy)?
Group of answer choices
$0
$1.5
$0.5
$1
$2
Group of answer choices
$12.5
$32
$25
$4.5
$0

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