Compared with the no-trade situation, what are the effects on domestic consumers and domestic producers when a
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Question:
Compared with the no-trade situation, what are the effects on domestic consumers and domestic producers when a country imports a good?
a. Domestic consumers gain, domestic producers lose, and gains outweigh losses.
b. Domestic consumers lose, domestic producers gain, and gains outweigh losses.
c. Domestic consumers gain, domestic producers lose, and losses outweigh gains.
d. Domestic consumers gain and domestic producers lose an equal amount.
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