Most or all of the mark-up revenue from a quota will be captured by the government if the government auctions off import licenses.

Name: Most or all of the mark-up revenue from a quota will be captured by the government if the government auctions off import licenses.
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When a government auctions off import licenses, it receives the revenue generated by the auction. Therefore, most or all of the mark-up revenue from a quota will be captured by the government in this case.

Most or All of the Mark-Up Revenue from a Quota