Taxes are costly to market participants because they
a. transfer resources from market participants to the government.
b. alter incentives.
c. distort market outcomes.
d. All of the above are correct.
d
Economics
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A market will tend to be more competitive when
a. there are a small number of firms in the market. b. similar products are available from alternative sellers. c. entry barriers into the market are high. d. governments require firms to meet strict regulatory standards.
Economics
A decrease in the price of a good will cause a movement along the demand schedule to a higher quantity demanded.
Answer the following statement true (T) or false (F)
Economics