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Author Question: If the government imposes a specific tax on a monopoly, the consumer's tax incidence A) can ... (Read 114 times)

Starlight

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If the government imposes a specific tax on a monopoly, the consumer's tax incidence
 
  A) can exceed 100.
  B) will always be between 0-100.
  C) may be negative.
  D) will be the same as when the tax is imposed on a perfectly competitive firm.

Question 2

If a firm is a price taker, then its marginal revenue will always equal
 
  A) price.
  B) total cost.
  C) zero.
  D) one.


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jjorrostieta

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Starlight

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Reply 2 on: Jul 1, 2018
:D TYSM


Dinolord

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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