Explain what happens to argentine beef consumption

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Reference no: EM13239036

Under free trade, Argentina exports beef. Its government imposes a tax t on exports. Draw and label a diagram to show what happens to Argentine beef consumption, production, exports, domestic prices, consumer and producer surplus, government revenues, and deadweight loss if:

a. Argentina is a small country whose actions don't affect world prices

b. Argentina is a large country whose actions do affect world prices.

Reference no: EM13239036

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