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In a perfectly competitive market, a production quota Question 6 options: sets a minimum level of production that domestic firms must produce. creates no deadweight
In a perfectly competitive market, a production quota
Question 6 options:
sets a minimum level of production that domestic firms must produce. | |
creates no deadweight loss. | |
has the effect of keeping the market price below the equilibrium level. | |
will create excess supply in the mark |
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