Suppose that the supply curve for land is perfectly vertical. a. True or False: Although the Fabians

Question:

Suppose that the supply curve for land is perfectly vertical.
a. True or False: Although the Fabians were wrong to argue that a 100% tax on land rents entails no social loss, it would be right to argue that a 99% tax on land rents entails no social loss.
b. Would your answer change if it requires some effort for landlords to locate the highest bidder for their land?