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12. Suppose that a rm discovers that its property tax will be greater by 22.5% than expected. How will the rm's short run optimal output
12. Suppose that a rm discovers that its property tax will be greater by 22.5% than expected. How will the rm's short run optimal output change in response to this tax increase? A. Output will increase but by less than output would increase under an excise tax that raised price by 22.5%. B. Output will decrease but by less than output would decrease under an excise tax that raised price by 22.5%. C. Output Will remain the same. D. None of the above
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