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Show the formula and explain how a 0% import tariff on raw materials gives Dell more protection than a 5% import tariff on raw materials
Show the formula and explain how a 0% import tariff on raw materials gives Dell more protection than a 5% import tariff on raw materials when the nominal tariff on final products for Sony is 10%.
Explain why Dell still benefits as long as the intermediate good tariff is lower than the tariff on final products
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