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  3. Study Set
    Microeconomics Study Set 44
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    Exam 5: Price Controls and Quotas: Meddling With Markets
  5. Question
    How Is a Quota Limit Different from or Similar to a Price
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How Is a Quota Limit Different from or Similar to a Price

Question 133

Question 133

Essay

How is a quota limit different from or similar to a price control?

Correct Answer:

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The outcomes are very similar for price ...

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