What are the long-run effects of an output tax of $1 per unit on a constant-cost industry?
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What are the long-run effects of an output tax of $1 per unit on a constant-cost industry? On an increasing-cost industry? On a declining-cost industry?
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a With 130 firms from Question 6 above the industrys supply curve in the short run ie 130 firm...View the full answer
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