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Author Question: Advocates of steel tariffs to protect American steel firms realize that when imposing such tariffs ... (Read 83 times)

RRMR

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on: Jul 1, 2018
Advocates of steel tariffs to protect American steel firms realize that when imposing such tariffs the gains of firms are outweighed by the losses to consumers. This implies that
 
  A) such advocates value producer surplus more than consumer surplus.
  B) such advocates want to help consumers.
  C) such advocates value consumer surplus more than producer surplus.
  D) such advocates value producer surplus and consumer surplus equally.

Question 2

The above figure shows the payoff matrix facing an incumbent firm and a potential entrant. Assuming a fixed cost of entry, the incumbent will deter entry because
 
  A) it is more profitable than accommodating entry.
  B) it increases consumer surplus.
  C) the potential entrant winds up with zero profit.
  D) the incumbent would earn zero profit if it accommodated entry.
Microeconomics ¦ Perloff ¦ 8th Edition
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meow1234

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Perkypinki

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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