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The welfare loss of a tariff equals that of a import quota that leads to the same level of imports.

MrGrimey

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The welfare loss of a tariff equals that of a import quota that leads to the same level of imports.

The welfare loss of a tariff equals that of a import quota that leads to the same level of imports.

Textbook

Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus

Edition: 4^th

Author: Perloff

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forrest

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