12. Assume the United States is an importer of televisions and there are no trade restrictions. U.S.

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12. Assume the United States is an importer of televisions and there are no trade restrictions. U.S.

consumers buy 1 million televisions per year, of which 400,000 are produced domestically and 600,000 are imported.

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Essentials Of Economics

ISBN: 9780324590029

5th Edition

Authors: N. Gregory Mankiw

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