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Suppose the united states imposes a 10 per barrel tariff on

Suppose the United States imposes a $10 per barrel tariff on imported refined oil products.

a. What is the short run profit outlook for American refineries? What is the long term profit outlook?

b. Suppose that eight years after imposing the tariff, the United States revokes it. What is likely to happen to the refining industry at that time?

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Finance Basics: Suppose the united states imposes a 10 per barrel tariff on

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Finance Basics: Suppose the united states imposes a 10 per barrel tariff on

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