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The effects of a quota include:

maportil

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The effects of a quota include:

▸

decreasing consumers' surplus.

▸

increasing total revenue for the importers who sell the allowed number of imported units.

▸

increasing producers' surplus.

▸

b and c

▸

a, b, and c

Textbook

Economics

Edition: 12^th

Author: Arnold

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maportil Author

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Brilliant ツ

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