Multiple Choice
Which of the following statements is false?
A) Consumers receive more consumers' surplus when tariffs do not exist.
B) Producers receive more producers' surplus when tariffs do exist.
C) A tariff results in a net loss to society.
D) With a tariff,the gains to the winners are less than the losses to the losers.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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