Question: 1.5.1 In the Challenge Solution, would it make a differ ence to the analysis whether the government col lects the lump-sum costs such as registration

1.5.1 In the Challenge Solution, would it make a differ ence to the analysis whether the government col lects the lump-sum costs such as registration fees annually or only once when the firm starts opera tion? How would each of these franchise taxes affect the firm’s long-run supply curve? Explain your answer.

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