Creating market power through the use of tariffs or quotas can
A) drive price to the monopoly level.
B) increase the world price of the good that is targeted.
C) increase government revenue.
D) All of the above.
D
Economics
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A factory is an example of:
a. capital. b. scarcity. c. an enterprise. d. land resources. e. output.
Economics
Institutions are:
a. the rules of the game b. how resources are allocated c. illustrations of the laws of scarcity d. organizations that operate on a non-profit basis e. none of the above
Economics