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Question
Sandras Steel Mill has decided that lobbying Congress to pass a tariff on imported steel will cost less than trying to modernize its facility to compete with foreign steel prices. Sandras Steel Mill will
a. decide that lobbying is wrong and modernize its facility.
b. participate in rent seeking and lobby Congress for the tariff.
c. lobby Congress for the tariff and modernize its facility.
d. produce more steel to attract more customers.
e. lower its price to compete with the imported foreign steel.
Answer
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