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Chaim Dominguez
19 December, 03:15
Changes in tariffs and quotas are
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Summer Glass
19 December, 04:00
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With the effect of the tariff, consumer surplus goes down while the producer's surplus goes up. On the other hand, quota results in the fall of consumer surplus. Income generated from the collection of the tariff is the revenue of the government.
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Guadalupe Eaton
19 December, 04:31
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government actions that reduce competition from international firms.
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