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Business, 05.05.2020 05:25 jhanley4637

Suppose that cigarette smokers create a negative externality. Further suppose that the government imposes a tax on cigarettes equal to the per-unit externality. What is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of cigarettes?

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Suppose that cigarette smokers create a negative externality. Further suppose that the government im...
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