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Imagine a country that has an import quota for microwaves in order to protect the domestic microwave industry. The government annually auctions off the import

Imagine a country that has an import quota for microwaves in order to protect the domestic microwave industry. The government annually auctions off the import licenses. In order to open up to the world market, the government decides to be less restrictive with the number of licenses it auctions off. Use an appropriate diagram to explain the price, the quantity and the welfare effects of this measure! What could be indirect effects of this measure?

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