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Social Studies, 07.10.2019 21:00 ptanner706

Suppose the united states auctioned off all import quotas, the auctions were perfectly competitive, and the government received the revenues from the auction. in this case, the deadweight loss from a quota would be the deadweight loss from an equivalent tariff.

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Suppose the united states auctioned off all import quotas, the auctions were perfectly competitive,...

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