In figure 182 the government may optimally regulate the
In Figure 18.2, the government may optimally regulate the paper market using a tax on output. A technological change drives down the private marginal cost of production. Discuss the welfare implications if the output tax is unchanged.
Figure 18.2
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assessmentbullnote some of the assessments in this course build upon each other so you are strongly encouraged to
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in figure 182 the government may optimally regulate the paper market using a tax on output a technological change
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