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Suppose that in most car collisions between cars of unequal size, the smaller car sustains the most damage and its occupants suffer the most injury. In answering the following question, assume that, on average, smaller cars generate less air pollution than larger cars and that every person in the economy drives at least one car. Suppose the size of all cars increased by 25%. Collisions between two cars would cause ______ and air pollution would ______.
Operating Income
Income generated from normal business operations, excluding revenues and expenses from non-operating activities.
Income Tax Rate
The proportion of income that is subject to taxation for a person or a company.
Consolidated Income Tax Return
A single income tax return filed for a group of related corporations, consolidating their tax liabilities.
Ownership
The state or fact of legal possession and control over property, which includes the rights to use, sell, or lease it.
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