=+Suppose that the EU, which has a customs union, has an X percent tariff on automobiles and

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=+Suppose that the EU, which has a customs union, has an X percent tariff on automobiles and that the costs of production are equal to Y (valued in euros) in Japan.

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International Economics

ISBN: 9780132146654

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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