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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
Posted: Sun Jul 03, 2022 12:58 pm
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 (24.97 KiB) Viewed 15 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. â’¸something else is going on; price cannot increase by more than the tax. the output market may be monopolized.