(Figure: The Home Monopolist's Market) The graph shows a home monopolist market with free trade and with the imposition of a tariff. The world price is $250. With free trade, the home country will produce ________ and import ________. 
Definitions:
Buying Price
The cost at which an individual or organization is able to purchase a good, service, or asset.
Oligopsony
Market with only a few buyers.
Buying Price
The price at which a good or service is purchased by a consumer or another business.
Marginal Value Curve
The marginal value curve represents how the value of the last unit consumed (marginal value) changes as the quantity consumed increases.
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