The tobacco industry is an example of an oligopoly market structure

The above figure shows the U.S. market for replacement cell phone batteries. When there is no international trade, the equilibrium price is ________ per battery and when there is international trade the equilibrium price is ________ per battery

A) $16; $14 B) $12; $16 C) $10; $14 D) $12; $14 E) $14; $10

Using the income approach, general sales taxes, excise taxes, customs duties, business property taxes, and license fees are termed:

a. indirect business taxes. b. regressive taxes. c. disproportionate taxes. d. capital depreciation. e. progressive taxes.