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How would public policy change the price of ice

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Suppose the seller with the lowest cost of producing a bag of ice is a foreigner and everyone else is domestic. Let us now consider the following public policy: to ensure the safety of the users of ice, the government will punish the ice- seller if users complain about the ice's quality. Since we have no jurisdiction to punish foreigners, they are now prohibited from selling ice in the domestic market.

1. How would the public policy change the price of ice?

2. Who will likely benefit from this public policy? Why?

3. Who will likely be harmed by this public policy? Why

Reference no: EM133268607

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