The windfall price increase of an imported good

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Reference no: EM13984889

The windfall price increase of an imported good that results when a quota is imposed on that good accrues to:

A. no one, since only a tariff generates an explicit revenue stream

B. firms in the industry protected by the imposition of the quota

C. the importer who is successful in getting a license to import the good

D. the government because it imposes the quota

E. consumers who benefit from the lower-prices domestic substitutes

Reference no: EM13984889

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