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When a Country Imposes a Tariff to Protect a Domestic

Question 44

Multiple Choice

When a country imposes a tariff to protect a domestic monopolist from
International competition, it will produce _______ output and charge
_______ in a perfectly competitive domestic industry.


A) more; a higher price than
B) the same; the same price as
C) less; a higher price than
D) less; a lower price than

Correct Answer:

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