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Ull'eCIIOl'lSI Answer the QUESTIONS DBIOW based on [he graph. Plies 8 1. How many units will the domestic firms produce without trade? 2. How many
Ull'eCIIOl'lSI Answer the QUESTIONS DBIOW based on [he graph. Plies 8 1. How many units will the domestic firms produce without trade? 2. How many units will the domestic firms produce without a tariff if the foreign producer can sell the product at a $4 price? 3. How many units will the foreign firms produce I sell if a government tariff of $2.00 is imposed on foreign goods? 4. What will be the total government revenues if a tariff of $2.00 is imposed on foreign goods? 5. What will be the total deadweight losses if a tariff of $2.00 is imposed on foreign goods? w
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