Result in the least overall inefficiency

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Reference no: EM13864737

Which of the following trade restrictions would likely result in the least overall inefficiency?

a) A $20 tariff that resulted in 5000 unites of imports

b)A quota of 3000 units that has a licensing fee set at the difference between the world price and the domestic price after the quota takes effects

c) A $30 tariff that resulted in 3000 units of imports

d) A quota of 5000 units that does not have a licensing fee

Reference no: EM13864737

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