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Assume that Freedonia, a small country, puts a tariff on steel. How does this affect the market for cars in Freedonia? Be sure to explain

Assume that Freedonia, a small country, puts a tariff on steel. How does this affect the market for cars in Freedonia? Be sure to explain your answer.

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Imposing a tariff on steel in Freedonia would likely have several effects on the market for cars in the country 1 Increase in car prices Since steel i... blur-text-image

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