Question 6 (10 points) 6.1 (4 points) Define a concept of a tax on economic...
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Question 6 (10 points) 6.1 (4 points) Define a concept of a tax on economic profit and give a real life example of a policy which is proposed to implement this tax. 6.2 (6 points) Does a tax on economic profit distort output decisions by firms? How does it affect market efficiency? Explain your
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