_____ prefer an import tax to a quota. a. Taxpayers b. ...

[jace]

_____ prefer an import tax to a quota.
 
  a. Taxpayers
  b. Domestic producers
  c. Foreign producers
   d. Consumers

Question 2

If a firm happened to be the only seller of a particular product, it might behave as a price taker as long as
 
  A) buyers have full information about the firm's price.
  B) the transaction costs of doing business with this firm are low.
  C) there are many buyers.
  D) there is free entry and exit.

[mfedorka]

Answer to Question 1

a

Answer to Question 2

D