Question: 5.2 In the Managerial Solution, would it make a difference to the analysis whether the government collects lump-sum costs such as registration fees annually or

5.2 In the Managerial Solution, would it make a difference to the analysis whether the government collects lump-sum costs such as registration fees annually or only once when the firm starts operation? How would each of these franchise taxes affect the firm’s long-run supply curve? Explain your answer.

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