A government cant regulate the quantity supplied without isolating the domestic market from global competition. For this

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A government can’t regulate the quantity supplied without isolating the domestic market from global competition. For this reason, production quotas usually are accompanied by import quotas—restrictions on the quantity that can be imported from other countries—that we study in Chapter 9 .

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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