Multiple Choice
A) $400, the total revenue (after tariff) going to foreign producers would be $120, and the tariff revenue going to the government would be $80.
B) $240, the total revenue (after tariff) going to foreign producers would be $240, and the tariff revenue going to the government would be $80.
C) $400, the total revenue (after tariff) going to foreign producers would be $240, and the tariff revenue going to the government would be $80.
D) $240, the total revenue (after tariff) going to foreign producers would be $120, and the tariff revenue going to the government would be $120.
Correct Answer:

Verified
Correct Answer:
Verified
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