If the government sets a specific tax and an ad valorem tax so that they raise the same amount of tax revenue,why does the ad valorem tax reduce output less than the specific tax?
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Q91: A monopolist faces the inverse demand curve
Q92: Q93: Suppose that market demand for a good Q94: The existence of a deadweight loss associated Q95: If the government's goal is to generate Q97: If the government imposes a specific tax Q98: If the inverse demand curve a monopoly Q99: The deadweight loss represents the sum of
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