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PaulKet PaulKet
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Posts: 488
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6 years ago
The above figure shows the market for steel ingots. If the market is competitive, and the government institutes a $100 specific tax on steel, then
A) less than the socially optimal quantity of steel is produced.
B) the socially optimal quantity of steel of 50 units is produced.
C) the socially optimal quantity of steel of 100 units is produced.
D) more than the socially optimal quantity of steel is produced.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 85 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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SaHiN22SaHiN22
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6 years ago
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