Rank the following in ascending order of Home welfare and justify your answers. If two items are equivalent, indicate this accordingly.

A. Tariff of t in a small country corresponding to the quantity of imports M.

B. Quota with the same imports M in a small country, with quota licenses

distributed to Home firms and no lobbying.

C. Quota of M in a small country with quota licenses auctioned to Home firms.

D. Voluntary export restraint of M in a small country.

E. Quota of M in a small country with quota licenses distributed to Home firms

due to lobbying.