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jCorn1234

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If the government institutes a specific tax for a good that has a perfectly elastic demand curve
 
  A) the producer passes the entire tax on to the consumer.
  B) the producer must absorb the entire tax.
  C) the producer can generally only pass part of the tax onto the consumer.
  D) the equilibrium price drops.

Question 2

Monopolies in successive markets result in
 
  A) a double markup for consumers.
  B) more output than if the input market is competitive.
  C) a lower output price than if the input market is competitive.
  D) All of the above.


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aloop

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jCorn1234

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Reply 2 on: Jul 1, 2018
Excellent


ebonylittles

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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