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2. (10 points} (Small country) What are the effects if a government decides to give a subsidy to the domestic importing industry? Do you think

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2. (10 points} (Small country) What are the effects if a government decides to give a subsidy to the domestic importing industry? Do you think this policy may be better or worse than the tariff and quota in order to protect the domestic industry? If yes, give reasons. If no, give reasons as well

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