Refer to the scenario above. Charles will receive a payoff of ________ if Beth trusts him and he defects

Antitrust laws allow the government to

a. prevent mergers. b. break up companies. c. promote competition. d. All of the above are correct.

Calculate the effective rate of protection for the domestic MP3 player industry following the imposition of a 20 percent tariff on the imports of MP3 players. The cost of material inputs used in the production of MP3 players in the country is $100 per unit, and there is free trade in these material inputs. The world price of MP3 players is $175 per unit. Assume that the country is a small country.

A. 46?% B. 35% C. 72?% D. 20%