Draw a figure analogous to Figure 8.7 for Nation 1 showing that with the optimum tariff Nation

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Draw a figure analogous to Figure 8.7 for Nation 1 showing that with the optimum tariff Nation 1 will trade 25X for 40Y and also showing the effect of Nation 2 retaliating with an optimum tariff of its own.
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International Economics

ISBN: 978-1119915737

11th edition

Authors: Dominick Salvatore

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