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(b) Suppose a tax of '7' = $60 is imposed on the producers in this market. Compute the new competitive equilibrium. What the new price

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(b) Suppose a tax of '7' = $60 is imposed on the producers in this market. Compute the new competitive equilibrium. What the new price and quantity? 5 points. (c) Compute and depict the deadweight loss due to this tax. 5 points. (d) What is the incidence of this tax? Explain intuitively the key factors that determine it. 5 points

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