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Which of the following best describes an important lesson from the large country tariff model, in general? A. It is possible for a large country
Which of the following best describes an important lesson from the "large" country tariff model, in general? A. It is possible for a large country to improve its overall domestic welfare with a tariff, but that country's consumers are always worse off with tariff. B. In the large country model, consumers are always worse off and overall domestic welfare is always reduced with tariff. C. In the large country model, consumers are always worse off but overall domestic welfare always remains unchanged with tariff. D. If the revenue effect exceeds the deadweight loss, overall domestic welfare will rise. E. Other/None of the above
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