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The value of producer surplus is S 112.5 Assume that international trade HAS been established. Further, assume now that the home country has imposed a

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The value of producer surplus is S 112.5 Assume that international trade HAS been established. Further, assume now that the home country has imposed a $5 tariff on imports of the good. The new value of consumer surplus is $ 450 The new value of producer surplus is S 200 The government revenue from the tariff is 5 10

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