Examlex
What type of competitive structure exists when just a few sellers control a large portion of the supply of a product?
Voluntary Export Restriction
An agreement by a country to limit the quantity of goods exported to another country to avoid tariffs or quotas.
Import Quota
A government-imposed limit on the quantity or value of a specific commodity that can be imported into a country.
Protective Tariff
A tax imposed on imported goods to shield domestic industries from foreign competition by making imported goods more expensive.
Import Quota
A government-imposed limit on the quantity or value of goods that can be imported into a country, used to protect domestic industries and manage trade balances.
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