camillesmith9926 camillesmith9926

06-03-2024
Business

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Consider the market for the Mona Lisa painting given by the following demand and supply curves: D: P = 1000 - 50QD and S: QS=1.
Suppose the French government imposed a $300 tax on buyers of Mona Lisa paintings.
1. Is the tax outcome efficient? Why or why not?

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