In many large U.S. cities, taxicab companies operate as near monopolies because of_____.

The term tax incidence refers to

A) the amount of revenue government collects from a tax imposed on a good or service. B) whether the burden of a tax rests more heavily on those with higher incomes or those with lower incomes. C) the degree of progression of a tax. D) the actual division of the burden of a tax between buyers and sellers in a market.

The requirement that a minimum volume of ethanol is blended into the U.S. fuel supply is an example of a. a corrective tax

b. a corrective subsidy. c. a command-and-control policy. d. the Coase Theorem.