The deadweight loss of taxation on a good is higher if ________

A) the demand or the supply of the good is relatively price elastic
B) a progressive tax system is practiced
C) a low rate of tax is imposed on the sale of the good
D) there is only one seller in the market

A

Economics

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Which of the following can create a monopoly? I. high prices II. public franchise III. patent IV. government license

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What are some of the common arguments against free trade?

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