Multiple Choice
Refer to the information provided in Figure 4.4 below to answer the question(s) that follow. Figure 4.4
-Refer to Figure 4.4. Assume that initially there is free trade. Tariff revenue of $50 million per day will be generated if the United States imposes a ________ tariff per barrel on imported oil.
A) $25
B) $50
C) $100
D) $150
Correct Answer:

Verified
Correct Answer:
Verified
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