Supposes that eight years after imposing this tariff the, Finance Basics

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Supposes that eight years after imposing this tariff the

Question: 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. supposes that eight years after imposing this tariff, the United States revokes it. What is likely to happen to the refining industry at that time?

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Finance Basics: Supposes that eight years after imposing this tariff the

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