The value-added tax system requires all goods to be sold at
The value-added tax system requires all goods to be sold at a price that includes tax. Any firm purchasing a good to use as an input can reclaim the tax it has paid. Assess this tax structure using the Diamond-Merles Production Exigency Lemma.
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the value-added tax system requires all goods to be sold at a price that includes tax any firm purchasing a good to use
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