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A small country's car supply is dominated by a domestic monopolist. At the current world price, this country is importing cars. When this country converts

A small country's car supply is dominated by a domestic monopolist. At the current world price, this country is importing cars. When this country converts its existing quota on cars into an equivalent tariff, Group of answer choices the monopolist will be supporting this move it may experience a welfare loss the consumers face lower price it is breaching WTO regulations

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