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1. Please answer the following question in very general terms. Do not just contruot an example, because then you would be showing your result only
1. Please answer the following question in very general terms. Do not just contruot an example, because then you would be showing your result only for your example, and you would not have shown anything in general. {a} \"Tould a lumpsum tax on prots aEect the output level of a prot maximizing compet itive rm? { Think about whether it makes a dierence if the lumsum tax is avoidable.) {h} What about a proportional tax on prots? {e} What about a tax on each unit of output produced? {d} How would your answers change if the rm was a monopoly? Explain your answers
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