Traditionally protected by a quota system

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Reference no: EM13887126

Imagine that a foreign country’s movie industry has been traditionally protected by a quota system. With this system, movie theaters have to show domestically-made movies on at least a certain percentage of screens. It is designed to keep out a flood of Hollywood movies that would drown out the domestic movie industry. During new trade negotiations, there is talk of getting rid of this screen quota system. If the screen quota were eliminated, what would be the effect on the domestic movie industry? Show this in a graph. Who will be the winners and losers, and why?

Reference no: EM13887126

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