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[Steps Shown] Explain how tariffs and quotas can lead to a welfare loss. If producers generally benefit more from tariffs than consumers, is it true that

Question: Explain how tariffs and quotas can lead to a welfare loss. If producers generally benefit more from tariffs than consumers, is it true that a domestic company that uses steel as one of its key inputs, for example, benefits from higher steel tariffs as well as domestic steel producers?


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