quota limit

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Give an example of a quota limit imposed by the government.

Is there any dead-weight loss associated with this policy?

Why or why not (comment based on the nature of competition in the market it is/was implemented in) ?

What are the costs or benefits of this policy to the various stakeholders such as consumers and producers.

Was policy beneficial or not ?

Thank you for your time. 

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