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If a Tax Is Placed on Perfectly Competitive Firms That

question 129

Multiple Choice

If a tax is placed on perfectly competitive firms that impose external costs on society, the firm's marginal cost curve will shift ________ and the industry supply curve will shift to the ________.


Definitions:

Job Applicant

A person who applies for a position of employment, submitting their qualifications and experience for consideration.

Appreciation

Recognition and enjoyment of the good qualities of someone or something, often expressed as gratitude.

Competitive Applicants

Individuals who stand out in a selection process due to their qualifications, experience, or skills, making them strong contenders for a position or opportunity.

Terminating Employee

The process of formally ending an individual's employment with an organization, typically due to performance issues, restructuring, or other business needs.

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