Galious9231 Galious9231

30-09-2022
Business

Answered

Assume that sugar is initially traded freely in the us at the world price of $20 and at this world price the us imports 5,000 units of sugar. Then assume that the us enacts a quota of 2,000 units of imported sugar that raises the domestic price of sugar to $45. What is the most amount of revenue that the government can generate if it combines this quota with a licensing fee?.

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