-The above figure shows the Australian market for replacement mobile phone batteries. Suppose the Australian government imposes the tariff illustrated in the figure. The tariff is equal to ________ and the price Australian consumers pay ________ compared to the price paid when there was free trade.
Definitions:
Net Income
The total earnings of a company after subtracting all expenses and losses from total revenue.
Return on Equity
A financial ratio that measures the profitability of a business in relation to the equity held by the shareholders.
Net Income
Net income is the total profit of a company after all expenses, including taxes and operational costs, have been deducted from revenues.
Common Stockholders' Equity
The portion of a company's equity that is attributable to common stock investments, reflecting the ownership interests in a corporation.
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