15.9 In Example 15.3 we showed that the deadweight loss from a tariff of $500 on imported...
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15.9 In Example 15.3 we showed that the deadweight loss from a tariff of $500 on imported autos was approximately equal to the amount of tariff revenues collected. How would the marginal excess burden from increasing the tariff to $600 compare with the marginal tariff revenues collected? Explain your result intuitively.
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Microeconomic Theory Basic Principles And Extensions
ISBN: 9780030335938
8th Edition
Authors: Walter Nicholson
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