Antidumping laws O allow foreign firms to easily enter the domestic market. O allows domestic firms to be protected from foreign competition by lowering their competitors' costs. O allows foreign firms to be more competitive in the domestic market. O allow domestic firms to be protected from foreign competition by raising their competitors' costs.

Suppose Eckerd Pharmacy is the only pharmacy in a particular market, but CVS Pharmacy is thinking about entering the market. Absent entry, Eckerd Pharmacy can maximize profits by producing a small quantity. However, by producing a large quantity, Eckerd Pharmacy can attempt to deter entry by reducing prices and, consequently,. profits. E: $47 C: $47 Enter Eckerd Pharmacy must choose how much to produce first and then cVS Pharmacy will choose whether to enter the industry. The strategies and corresponding profits for Eckerd (E) and CVS Pharmacy (C) are depicted in the decision tree to the right. What is the Nash equilibrium of the game? Small Quantity E: $85 C: $0 Stay Out! E O A. Eckerd Pharmacy will choose the small quantity and CVS Pharmacy will Enter E: $O C: -$10 not enter. Large Quantity O B. Eckerd Pharmacy will choose the large quantity and CVS Pharmacy will not enter. Stay Out E: $65 C: $0 OC. Eckerd Pharmacy will choose the large quantity and CVS Pharmacy will enter. O D.…

You manage a ball-bearing factory for a company that successfully lobbies Congress to place a tariff on imported ball-bearings. As a result: both your company and your customers will be better off your company will be better off, but your customers will be unaffected. O.C. your company will be unaffected, but your customers will be worse off Od. your company will be better off, and your customers will be worse off O a. O b.

Refer to the graph below of a large country that has imposed a tarifft on this good. The terms-of-trade gain for this country is , and the deadweight loss suffered by this country is Price $36 $30 $26 Home market S D 20 40 80 100 Quantity Price World market 40 80 Imports