Assume the United States adopts a tariff quota on steel in which the quota is set at 2 million tons,the within-quota tariff rate equals 5 percent,and the over-quota tariff rate equals 10 percent.Suppose the U.S.imports 1 million tons of steel.The resulting revenue effect of the tariff quota would accrue to:
A) The U.S.government only
B) U.S.importing companies only
C) Foreign exporting companies only
D) The U.S.government and either U.S.importers or foreign exporters
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