In the situation of the "tariff to extract foreign monopoly profit," do you think that the existence of a home producer of the good would strengthen or weaken the case for protection from the standpoint of the impact on home country welfare? Explain.

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The Answer of In the situation of the "tariff to extract foreign monopoly profit," do you think that the existence of a home producer of the good would strengthen or weaken the case for protection from the standpoint of the impact on home country welfare? Explain.

In the Situation of the "Tariff to Extract Foreign Monopoly