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e. Before firms can either enter or exit the industry (Lee. the number of firms is the same as before the tax) would the price

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e. Before firms can either enter or exit the industry (Lee. the number of firms is the same as before the tax) would the price in the market rise, fall or stay the same? Illustrate the effect of the tax on the supply curve in the industry and the effect on the market-clearing price under these circumstances

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