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In the large-country case, when a tariff is imposed, the country: A. sees a terms-of-trade gain, but has no control over world price. B. is
In the large-country case, when a tariff is imposed, the country:
A. | sees a terms-of-trade gain, but has no control over world price. | |
B. | is able to reduce world price of the imported good. | |
C. | is going to experience an increase in consumer surplus. | |
D. | sees a terms-of-trade gain and is able to reduce world price of the imported good. |
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