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You manage a company that competes in an industry that is comprised of five equal-sized firms. A recent industry report indicates that a tariff on
You manage a company that competes in an industry that is comprised of five equal-sized firms. A recent industry report indicates that a tariff on foreign imports would boost industry profits by $30 millionand that it would only take $5 million in expenditures on (legal) lobbying activities to induce Congress to implement such a tariff. Discuss your strategy for improving your company's profits.
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