Excise taxes _____. a. can be ad valorem taxes b. can be ...

[dalyningkenk]

Excise taxes _____.
 
  a. can be ad valorem taxes
  b. can be unit taxes
  c. are taxes placed on particular types of goods
  d. all of the above
   e. b and c

Question 2

Assume an industry, currently dominated by one firm, experiences a large decline in fixed costs. This will
 
  A) make entry of other firms more likely.
  B) make entry of other firms less likely.
  C) serve as higher barrier to entry.
  D) induce the incumbent firm to exit the industry.

[hanadaa]

Answer to Question 1

d

Answer to Question 2

A