Rank the following in ascending order of Home welfare and justify your answers. If two items are
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Rank the following in ascending order of Home welfare and justify your answers. If two items are equivalent, indicate this accordingly.
a. Tariff of t in a small country corresponding to the quantity of imports M
b. Tariff of t in a large country corresponding to the same quantity of imports M
c. Tariff of t′ in a large country corresponding to the quantity of imports M′ > M
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