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In Comparison to the Welfare Effects of a Tariff in a Perfectly

Question 18

Multiple Choice

In comparison to the welfare effects of a tariff in a perfectly competitive home market, the welfare effects of a tariff under a home monopoly are _______, and the deadweight loss for the home monopoly is ________.


A) the same; the same
B) higher; lower
C) lower; higher
D) lower; lower

Correct Answer:

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