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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
If the government imposes a tax on a competitive market with no externalities, then
i.   resource use is not efficient.
ii.   there is a deadweight loss.
iii.   consumer surplus is at its maximum.
A) ii only
B) i and ii
C) iii only
D) i and iii
E) i, ii, and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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#1
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8 years ago
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