he US government becomes concerned about the extent of Japanese import penetration in the US car market. After some lobbying from Toyota and Honda, the Japanese government offers to implement a Voluntary Export Restriction (VER) policy. Under the terms of the VER, the Japanese government promises to fine Toyota and Honda if either firm's exports to the US exceed a certain amount, which we will refer to as the export quota. 3. Why would you, as a manager of Toyota, lobby for a VER? [10] 4. What export quota and size of fine would you lobby for? [10]