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39. Which of the following is true about a lump-sum tax? a. It prevents efficiency from being attained in competitive markets. b. It causes substitution

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39. Which of the following is true about a lump-sum tax? a. It prevents efficiency from being attained in competitive markets. b. It causes substitution effects. C. It causes income effects but not substitution effects. d. It causes both income effects and substitution effects

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