The U.S. government has decided to impose a tariff rate quota on sugar imports into the United States. Which of the following would benefit the most from this decision?
A) domestic candy producers
B) sugar substitute producers
C) soft drink producers
D) U.S. consumers
Question 2
Taylor Helmets has been able to lower the average cost of producing a bicycle helmet as it increases the number of helmets it manufactures each day. Taylor Helmets is most likely benefiting from ________.
A) opportunity costs
B) economies of scope
C) economies of scale
D) competitive advantages
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