True or false: In a constant- cost industry, a tax of a constant, fixed amount on each

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True or false: In a constant- cost industry, a tax of a constant, fixed amount on each unit of output sold will not affect the amount of output sold by a perfectly competitive firm in the long run. Explain.

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:22 AM

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True or false: In a constant- cost industry, a tax of a constant, fixed amount on each

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The effect of such a tax is to produce a parallel upward mov...View the full answer

Microeconomics and Behavior

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