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    Exam 8: Import Tariffs and Quotas Under Perfect Competition
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    (Figure: Home's Import-Competing Industry) What Is the Consumer Surplus Before
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(Figure: Home's Import-Competing Industry) What Is the Consumer Surplus Before

Question 123

Question 123

Multiple Choice

(Figure: Home's Import-Competing Industry) What is the consumer surplus before trade? (Figure: Home's Import-Competing Industry)  What is the consumer surplus before trade?   A)  triangle <i>ADB</i> B)  triangle <i>AEC</i> C)  quadrangle <i>DEBC</i> D)  triangle <i>EFG</i>


A) triangle ADB
B) triangle AEC
C) quadrangle DEBC
D) triangle EFG

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