Explain who gains and who loses from an import quota and why the losses exceed the gains.

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:05 AM

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Explain who gains and who loses from an import quota and why the losses exceed the gains.

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Domestic consumers lose consumer surplus from the import quota Domes...View the full answer

Microeconomics

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