Figure 2:
Two line graphs labeled a and b with horizontal axis Time. Graph a plots country 2 tariff with blue dashed, green solid, and red dashed lines labeled MPE tariff LH, MM, and LL. Graph b plots country 1 tax with similar lines labeled MPE consumption tax LH, MM, and LL.

MPE tariffs and taxes: role of b/c.

Source: Author’s calculations.
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