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

Author Question: Which of the following taxes does NOT lead to a deadweight loss? A) A proportional income tax B) ... (Read 60 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Which of the following taxes does NOT lead to a deadweight loss?
 
  A) A proportional income tax
  B) A lump-sum tax
  C) A progressive income tax
  D) A proportional tax on property

Question 2

What is the dilemma faced by firms in oligopoly?
 
  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

josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Because there are just a few large firms in an oligopoly, output and pricing decisions made by one firm affect the demand for other firms' goods. To maximize the total joint profit, the firms must cooperate, act like a monopoly so as to restrict output and earn monopoly profits. But each firm has an incentive to cheat on an agreement to restrict output because if it increases production it can (temporarily, at least) earn higher profits. But if all firms increase production, total profits will fall and the market will move toward the competitive equilibrium.


Mr.Thesaxman

  • Member
  • Posts: 514
Reply 2 on: Jun 29, 2018
Wow, this really help

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Older adults may grieve intensely over the loss of a person or situation that has been a part of the Older adults may grieve intensely over the loss of a person or situation that has been a part of the
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn? The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
Lead leaching from electronic waste (e-waste) Lead leaching from electronic waste (e-waste)
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library