Which of the following will result in the greatest deadweight loss from tax?

a. A tax on gasoline
b. A tax on Porsche cars
c. A tax on salt
d. A tax on cigarettes

b

Economics

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When a firm has the power to establish its price

A) P = MR. B) P = MC. C) P > MR. D) P < MR.

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Short-run average cost exceeds long-run average cost only when there are economies of scale

Indicate whether the statement is true or false

Economics