An efficient tax system is one that imposes small
a. deadweight losses and administrative burdens.
b. marginal rates and deadweight losses.
c. administrative burdens and transfers of money.
d. marginal rates and transfers of money.
a
Economics
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Which of the following is characteristics is common to both monopoly and monopolistic competition?
A) Ease of entry into the industry. B) Firms are price setters. C) A relatively large number of sellers. D) Long-run economic profit equals 0.
Economics
The above figure shows the payoff matrix for two firms, A and B, choosing to produce a basic computer or an advanced computer. How many pure-strategy Nash equilibria are in this game?
A) 0 B) 1 C) 2 D) 3
Economics