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Which of the following is not an advantage of a lump-sum tax in comparison to other types of taxes?
Marginal Revenue
The additional income that a firm receives from selling one more unit of a good or service.
Average Revenue
The average amount of money received by a firm per unit of output sold, calculated by dividing the total revenue by the number of units sold.
Marginal Cost
The uptick in price resulting from the manufacture of an extra unit of a good or service.
Monopoly Firm
A company that is the sole provider of a product or service in a market, facing no competition.
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