Multiple Choice
Suppose that there is no home production of a good (imports supply all home demand) . If the home country then applies a tariff to this good exported by a foreign monopoly, the price net of the tariff received by the foreign monopolist is:
A) lower than under free trade.
B) higher than under free trade.
C) the same as under free trade.
D) so high that no sales are possible.
Correct Answer:
Verified
Correct Answer:
Verified
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