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Author Question: -3 Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure ... (Read 37 times)

sdfghj

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Figure 7-3








Since 1953 the United States has imposed a quota to limit the imports of peanuts. Figure 7-3 illustrates the impact of the quota.  






Refer to Figure 7-3. What is the value of revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?


◦ $12 million
◦ $17.25 million
◦ $20 million
◦ $44 million


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Marked as best answer by sdfghj on Mar 16, 2019

hugthug12

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