Under what conditions could an import quota and a tariff have exactly the same effect on price and bring the same gains and losses (given a tariff level that restricts imports just as much as the quota would)?
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Under what conditions could an import quota and a tariff have exactly the same effect on price and bring the same gains and losses (given a tariff level ...
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Import quotas, just like tariffs, are designed to put domestic producers at an advantage over foreign producers. A quota is a physical restriction on... More
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Import quotas, just like tariffs, are designed to put domestic producers at an advantage over foreign producers. A quota is a physical restriction on... More
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