Business, 23.11.2019 04:31 relliott4950

Assume there is a 35% tariff on bananas imported into the united states. also, assume that the market competition is at its beginning and the law of one price is not in effect. if the domestic market price of hawaiian bananas is one dollar per bunch, imported bananas will sell
a.$1.00/bunch.
b.$0.35/bunch.
c.$0.65/bunch.
d.$1.65/bunch.
e.$1.35/bunch

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Assume there is a 35% tariff on bananas imported into the united states. also, assume that the marke...