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1. Competition is a necessary component to properly functioning markets. What happens when markets lack competition? Is this a reason for government involvement? For example,
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Competition is a necessary component to properly functioning markets. What happens when markets lack competition? Is this a reason for government involvement? For example, should the government have sought to break up the Microsoft Corporation?
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How do taxes influence people's behavior? In your answer, be sure to discuss such concepts as tax rate, tax base, and tax revenue.
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