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jjolivette jjolivette
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Posts: 850
6 years ago
What problems are evident in Canada's supply management system?
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Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
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6 years ago
Consumers may pay higher prices because the supply management system imposes tariffs on foreign products in order to discourage their sale in Canada. As a result, Canadian producers can raise their prices because there is less competition from foreign producers. The supply management system continues to operate in spite of evidence that it also encourages smuggling, reduces innovation, and inhibits exports.
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