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Figure 4-23
-Refer to Figure 4-23. In which market will the majority of the tax burden fall on the buyer?
American Majority
Typically refers to the larger or predominant demographic or political group within the United States, which can change contextually over time.
Railroad Companies
Businesses involved in the operation of trains and railroads for the transportation of goods and passengers.
Pools
Agreements between companies to maintain prices at a certain level by controlling supply, a form of collusion often illegal in the U.S.
Market Forces
The economic factors affecting the price, demand, and supply of goods and services in a free market.
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