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The market for USB flash drives in Country C is perfectly competitive and is in equilibrium. Domestic demand is given by Q = 300 #P

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The market for USB flash drives in Country C is perfectly competitive and is in equilibrium. Domestic demand is given by Q\" = 300 #P and domestic supply is given by of = 2P. The world price for flash drives is $20. The government of country I: imposes a tariff of $20 on all imported flash drives. Before the tariff was imposed. country I: imported MFreo flash drives. After the tariff is imposed. countryr C: now imports Mm flash drives. The tariff raises revenue for the government. How much tariff revenue is raised each penod? Question 4 options: r] ' 1] Tariff Revenue = $55M r' . ' 2} Tariff Revenue = $2800 r1 . 3} Tariff Revenue = 324:": 4] Tariff Revenue = sloop r. ' 5] Tariff Revenue = $12130

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