If a tax is imposed on an industry's output and the price of the output responds by rising by more than the amount of th

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

If a tax is imposed on an industry's output and the price of the output responds by rising by more than the amount of th

Post by answerhappygod »

If A Tax Is Imposed On An Industry S Output And The Price Of The Output Responds By Rising By More Than The Amount Of Th 1
If A Tax Is Imposed On An Industry S Output And The Price Of The Output Responds By Rising By More Than The Amount Of Th 1 (24.97 KiB) Viewed 14 times
If a tax is imposed on an industry's output and the price of the output responds by rising by more than the amount of the tax, Select one: the output market must be perfectly competitive. Ofactors of production must have significant market power. Ⓒsomething else is going on; price cannot increase by more than the tax. the output market may be monopolized.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”