a) Use diagrams explain the relationship between the tax base and tax rates, and between the tax
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Question:
a) Use diagrams explain the relationship between the tax base and tax rates, and between the tax revenues and the tax rates as shown in your diagram. (6)
(b) Graphically compare the competitive scenarios for a competitive firm and a cartel market. Use local examples to discuss and explain where government intervention in the Namibia economy could be justified and highlight the problems associated with such government intervention.
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