Question
Suppose a country with a single domestic firm in the market. Which of the following two trade policy instruments is the most detrimental for consumers:
Suppose a country with a single domestic firm in the market. Which of the following two trade policy instruments is the most detrimental for consumers: the import tariff duty or the import quota? Explain.
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
