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AmazonCom Was the First to Use the Internet to Sell

question 80

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Amazon.com was the first to use the Internet to sell books, and others have difficulty competing because of:


Definitions:

Excise Tax

A tax on the sale or consumption of specific goods or services, such as alcohol or gasoline.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Excise Tax

A tax levied on specific goods or services at the point of manufacture, purchase, or sale, distinct from general sales taxes.

Incidence

The occurrence, rate, or frequency of a disease, crime, or something else undesirable.

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