Consider a good that would be provided efficiently by private market forces. Why is the direct loss

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Consider a good that would be provided efficiently by private market forces. Why is the direct loss in surplus that would result from a tax on this good an overstatement of the loss in surplus caused by the tax?

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:33 AM

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Consider a good that would be provided efficiently by private market forces. Why is the direct loss

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Hence for final analysis we can say that the d...View the full answer

Principles of Economics

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