You have been hired as an economic consultant to the U.K. government and are presenting the possible actions to mitigate the impact on the U.K.'s bicycle industry from a potential removal of the E.U. tariff on Chinese bicycles. Analyze the welfare implications (including possible deadweight loss) of 3 mitigation options. Which mitigation strategy, if any, do you recommend and why? Justify your recommendation using theory, the case study materials, and your own research.

Case study material: https://www.coursehero.com/file/139954986/5ae25259c3911704cb69267a4d8d6bb2docx/

Include a graph showing the possible deadweight loss