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plsssssssssssss Suppose the market for beer is a perfectly competitive market in longrun equilibrium. In order to reduce alcohol consumption, the government decides to implement

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Suppose the market for beer is a perfectly competitive market in longrun equilibrium. In order to reduce alcohol consumption, the government decides to implement a tax on beer. Show (and argue for} what happens to the beer marketr and representative beerproducing firms, in {a} the short runr and (b) the long run. [Hint: Your analysis should include discussions of price. market quantity, firm quantity, and profit. Graphs are absolutely essential.] |'1'||'Av B I @v .Iv >

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