Suppose an Import- Competing Firm Is Imperfectly Competitive

Multiple Choice

Suppose an import- competing firm is imperfectly competitive.Replacement of an export tariff with an import quota that yields the same level of imports will market price, producer surplus,consumer surplus,_ government revenue,and overall domestic national welfare.

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