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Part 3 - Question 5 continues! (b) In order to fund road infrastructure repair and construction, assume the government decides to provide a $2.00 excise

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Part 3 - Question 5 continues! (b) In order to fund road infrastructure repair and construction, assume the government decides to provide a $2.00 excise tax on gasoline. Explain the changes in rm costs, output, prot, and the change in market equilibrium in the short run. (FIRM:- (INDUS'I'RY I MARKET)

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