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Regulation
The government can respond to externalities through command-and-control policies or market-based policies.
Tariffs mainly benefit the importing countries, as they are the ones setting the policy and receiving the money. The primary benefit is that tariffs produce revenue on goods and services brought into the country. Tariffs can also serve as an opening point for negotiations between two countries.
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The sales tax on the purchase of a futon is 24.05$ if the tax rate is 5%, find the purchase price of the futon
