Hey guys, there is an example question just after the quotas section (e.g. 6, q5.) that mentions that a quota may be better for a firm that imports goods than a tariff. It says that this is because an importer may be able to capture some of the quota rents (which they couldn’t do with a tariff).
However, it doesn’t explain how the importer may do that. The text explains that the exporter can capture it by raising prices or the importing countries government may capture it by selling import licenses, but it doesn’t mention any ways that an importing firm could do it. I find it a bit weird that they have example questions on information not covered in the text. Any examples of how an importer could capture the quota rents would be much appreciated.