(Figure: The Home Monopolist's Market) The graph shows a home monopolist market with free trade and with the imposition of a tariff. What is the dollar value of the tariff and the new quantity of imports? 
Definitions:
Market Situation
The status and dynamics within a specific market at a certain time, influenced by factors such as supply and demand, competition, and regulatory environment.
Social Honor
The prestige, respect, or esteem that an individual or group receives from others within a society, often based on their actions, achievements, or social standing.
Stratification Theory
A sociological perspective that focuses on the structured social inequality or hierarchical layers of society, influenced by factors such as class, race, and gender.
Functionalism
A sociological perspective that emphasizes the interdependence of all parts of a society and how different elements function to maintain social order and stability.
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