The two groups that benefit the most from quotas are
A) the importers who have the right to import the restricted good and the domestic producers of the restricted good.
B) the domestic consumers of the restricted good and the domestic producers of the restricted good.
C) the domestic consumers of the restricted good and the foreign producers of the restricted good.
D) the importers who have the right to import the restricted good and the domestic consumers of the restricted good.

Question

Quizplus · Accepted Answer

Quotas limit the quantity of a good that can be imported, thus reducing competition for domestic producers, who can charge higher prices. Importers with import rights can benefit from selling these limited goods at higher prices due to reduced competition.

The Two Groups That Benefit the Most from Quotas Are