Essay
(Table: Market for Fried Twinkies) Look at the table Market for Fried Twinkies.Using the table, if the government imposes a quota on the fried Twinkie market of 5,000, the quota rent (per fried Twinkie) collected by the fried Twinkie producers will be:
A.$1.20.
B.$0.30.
C.$1.50.
D.$1.00.
Correct Answer:
Verified
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