Import tariff in the case of domestic monopoly a) leads to a higher welfare than the equivalent quota b) leads to the lower domestic prices than in the case of free trade c) leads to a lower welfare t...

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Import tariff in the case of domestic monopoly a) leads to a higher welfare than the equivalent quota b) leads to the lower domestic prices than in the case of free trade c) leads to a lower welfare t...

Import tariff in the case of domestic monopoly

a) leads to a higher welfare than the equivalent quota

b) leads to the lower domestic prices than in the case of free trade

c) leads to a lower welfare than the equivalent quota

d) leads to the same level of welfare than the equivalent quota

business economics

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Answer 1

Answer #1

Answer: ( C)

Import tariffs will create market for monopoly firm in domestic area. There will be fall in output level and price will witness increase.

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Answer 2

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Import tariff in the case of domestic monopoly a) leads to a higher welfare than the equivalent quota b) leads to the lower domestic prices than in the case of free trade c) leads to a lower welfare t...

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Import tariff in the case of domestic monopoly a) leads to a higher welfare than the equivalent quota b) leads to the lower domestic prices than in the case of free trade c) leads to a lower welfare t...

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Import tariff in the case of domestic monopoly a) leads to a higher welfare than the equivalent quota b) leads to the lower domestic prices than in the case of free trade c) leads to a lower welfare t...

Homework Answers

Add Answer to: Import tariff in the case of domestic monopoly a) leads to a higher welfare than the equivalent quota b) leads to the lower domestic prices than in the case of free trade c) leads to a lower welfare t...

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Import tariff in the case of domestic monopoly a) leads to a higher welfare than the equivalent quota b) leads to the lower domestic prices than in the case of free trade c) leads to a lower welfare t...