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A. Consider the following market. i. Complete the following table: Tax 0246810 Deadweight Loss Tax Revenue ii. Based on your calculations, what happens to deadweight

A. Consider the following market.

i. Complete the following table:

Tax 0246810

Deadweight

Loss Tax Revenue

ii. Based on your calculations, what happens to deadweight loss when tax increases?

iii. Based on your calculations, does the Laffer curve hold in this case? Why or why not?

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