Question: When trade is allowed suppose widgets can be obtained from the rest of the world at the world price of $1 and that econland can
When trade is allowed suppose widgets can be obtained from the rest of the world at the world price of $1 and that econland can import as many units as they want without the world price changing. What import quota would have the same impact on consumer surplus as a $1 tarriff in this market?Opti
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