Rank the following in ascending order of welfare for the country imposing the duty or quota. If two items are equivalent, indicate this accordingly.
I. tariff t in a small country with perfect competition
II. tariff t in a small country with a domestic monopoly
III. quota with the same imports M as under the tariff, in a small country with a home monopoly

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The Answer of Rank the following in ascending order of welfare for the country imposing the duty or quota. If two items are equivalent, indicate this accordingly.
I. tariff t in a small country with perfect competition
II. tariff t in a small country with a domestic monopoly
III. quota with the same imports M as under the tariff, in a small country with a home monopoly

Rank the Following in Ascending Order of Welfare for the Country