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Assume a perfectly competitive constant-cost market for gasoline in Ontario. Firms have typical cost curves and the law of demand holds. Both the production and
Assume a perfectly competitive constant-cost market for gasoline in Ontario. Firms have typical cost curves and the law of demand holds. Both the production and consumption of gasoline impose negative externalities. The current tax per litre of gasolinepayable by the selleris 35.74
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