This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Compare and contrast the tax base with the tax rate structure. What will be an ideal ... (Read 147 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
Compare and contrast the tax base with the tax rate structure.
 
  What will be an ideal response?

Question 2

Explain what a perfectly contestable market means. Give an example of a perfectly contestable market. Explain why the outcome in a perfectly contestable market is that firms produce efficiently.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 29, 2018
Answer to Question 1

The base of a tax is the measure or value upon which the tax is levied. The rate structure of a tax determines the portion of the base that must be paid in tax.

Answer to Question 2

A perfectly contestable market is a market in which entry and exit are costless. An example of a perfectly contestable market is the market for trucking services. The firms are forced to behave efficiently because of the threat of competition.


moongchi

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jun 29, 2018
Correct answers!


cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

The chemical structure of mescaline, derived from the peyote cactus. The chemical structure of mescaline, derived from the peyote cactus.
Acid–base imbalances. Acid–base imbalances.
Structure of the skin. Structure of the skin.
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
First Base - Can You Keep A Secret First Base - Can You Keep A Secret
Age structure for the United States Age structure for the United States
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library