What is the long-run welfare effect of a profit tax assessed, Microeconomics

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What is the long-run welfare effect of a profit tax assessed

Problem

What is the long-run welfare effect of a profit tax (the government collects a specified percentage of a firm's profit) assessed on each competitive firm in a market?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the long-run welfare effect of a profit tax assessed

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Microeconomics: What is the long-run welfare effect of a profit tax assessed

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