Multiple Choice
Given that quotas benefit producers,who are few in number,at a greater expense to consumers,who are more in number,which of the following correctly explains why quotas are still in effect?
A) Domestic consumers are better organized than domestic producers.
B) Quotas reduce prices in domestic markets.
C) The benefits of quotas are concentrated and visible while the costs are dispersed.
D) When a quota is imposed by the importing country,it lowers prices in the global market.
Correct Answer:

Verified
Correct Answer:
Verified
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