Figure 5.1 illustrates the steel market for Mexico, assumed to be a "small" country that is unable to affect the world price. Suppose the world price of steel is given and constant at $200 per ton. Now suppose the Mexican steel industry is able to obtain trade protection. Consider Figure 5.1. With free trade, the quantity of steel imported by Mexico equals: Figure 5.1. Alternative Nontariff Trade Barriers Levied by a "Small" Country