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If a Tax Is Placed on the Output of Perfectly

question 48

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If a tax is placed on the output of perfectly competitive firm that imposes external costs on society,the firm's marginal cost curve will shift ________ and the market supply curve will shift to the ________.


Definitions:

Organic Reaction

A chemical reaction involving organic compounds where molecules may break apart, recombine, or rearrange to form new substances.

Organic Reaction

A chemical reaction involving organic compounds, where covalent bonds between carbon atoms are made or broken in the presence of other atoms.

Organic Reaction

A chemical reaction involving organic compounds, where these compounds are typically based on carbon.

Diels-Alder Reactions

A chemical reaction between a conjugated diene and a dienophile to form a cyclohexene derivative.

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