The figure below represents the U.S. market for steel imports from Korea. The Korean government provides an export subsidy of $25 per ton, and Korean firms use the subsidy to reduce their export price to the United States to $375 per ton.Suppose the United States now imposes a countervailing duty on its steel imports from Korea to offset the impact of the subsidy provided by the Korean government on its steel exports. The change in U.S. national well-being due to the imposition of this duty is

Assume that the market demand for a good is p = 100 - Q. Assume that the marginal product of labor is 1 and the firm can get all the labor it needs at a wage equal to 5

Compare the quantity of labor hired if the output market is competitive with the quantity hired if the output market is a monopoly.

Suppose that a disease that affects people who consume beef has been discovered in the United States. One likely result is:

A. a decrease in demand for beef. B. an increase in buyers' reservation prices for beef. C. a decrease in demand for chicken. D. a decrease in the quantity demanded of beef.