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What is the consequence of imposing a quota in a competitive market? '1: 1- 3. There are fewer transactions between consumers and producers (in other

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What is the consequence of imposing a quota in a competitive market? '1: 1- 3. There are fewer transactions between consumers and producers (in other words there is deadweight loss}: 22- b. Producers are able to collect "quota rent" '12:? c. Both a] and b} are true C:- d. Neither 3} nor to] is true

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