In problem, suppose the city imposes a sales tax of $6 per widget. a. In the short

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In problem, suppose the city imposes a sales tax of $6 per widget.

In problem, suppose the city imposes a sales tax of

a. In the short run, what is the new price of a widget?
b. In the long run, what is the new price of a widget?
c. In the long run, how many firms leave theindustry?

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