Iran subsidizes gasoline, leading to a price to consumers that is one-fifth the market price [ Economist

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Iran subsidizes gasoline, leading to a price to consumers that is one-fifth the market price

[ Economist , 2007a, pp. 52–53]. Use Figure 15.6 to explain the efficiency implications of this policy.

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Public Finance

ISBN: 9780073511351

9th Edition

Authors: Harvey Rosen, Robert Guell, Ted Gayer

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