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Suppose that the world price under free trade is $10. Assume that the demand curve facing the monopolist is P = 60 - Q and

Suppose that the world price under free trade is $10. Assume that the demand curve facing the monopolist is P = 60 - Q and MC = Q. Assume that the importing country (small country) imposes a tariff of $6

a. Under free trade, the importing country will import?

b. Under a tariff of $6, the country will import?

c. The efficiency loss under the tariff is?

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