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The Greatest Economic Consequence of the Transcontinental Railroad Network Was

question 33

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The greatest economic consequence of the transcontinental railroad network was that it


Definitions:

Specific Tax

Tax of a certain amount of money per unit sold.

Consumers

Individuals or groups who are the final users of products and services generated within an economy.

Specific Tax

A fixed amount of tax imposed on a product, service, or transaction, regardless of its price.

Competitive Market

A market structure characterized by a large number of buyers and sellers where no single participant can significantly influence the price of goods or services.

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