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A firm buys $1,000 of inputs from other firms, pays $1000 for labor services, and has sales of $2,500 for a profit of $500. Under

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A firm buys $1,000 of inputs from other firms, pays $1000 for labor services, and has sales of $2,500 for a profit of $500. Under a value added tax, the firm's tax base would be: 500 1500 2500 O none of these answers

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