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Assume that all trade and market assumptions are satisfied (e.g., small economy assumption), we have the following market conditions: (i) Domestic Demand: P =200 -

Assume that all trade and market assumptions are satisfied (e.g., small economy assumption), we have the following market conditions:

(i) Domestic Demand: P =200 - 2X

(ii) Domestic Supply: P = 3X

(iii) The world market price is 60.

If the government imposes a unit tax of 30, what is the deadweight loss?

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