To see how consumers lose and producers gain and to see why a production quota is inefficient

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To see how consumers lose and producers gain and to see why a production quota is inefficient and unfair, we’ll look at an example.

EYE on the GLOBAL ECONOMY Production Quotas

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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