Explain mports of only six million pounds of kumquats


Suppose that the United States currently both produces Suppose that the United States currently both produces kumquats and imports them. The U.S. government then decides to restrict international trade in kumquats by imposing a quota that allows imports of only six million pounds of kumquats into the United States each year.

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Microeconomics: Explain mports of only six million pounds of kumquats
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