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If an Import- Competing Firm Is Imperfectly Competitive,than Under Free

Question 48

Multiple Choice

If an import- competing firm is imperfectly competitive,than under free trade an import quota will domestic market price,_ _ producer surplus,_ consumer surplus, government revenue,and overall domestic national welfare.


A) decrease; increase; decrease; increase; decrease
B) increase; increase; decrease; have no effect on; decrease
C) have no effect on; have no effect on; decrease; increase; decrease
D) increase; have no effect on; decrease; increase; decrease
E) decrease; decrease; increase; decrease; have no effect on

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