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Suppose the efficient output currently prevails in the market for ice cream which involves a large number of producers. A tax on ice cream production
Suppose the efficient output currently prevails in the market for ice cream which involves a large number of producers. A tax on ice cream production will:
A. Maximizes the welfare of individuals
B. Allow efficiency to continue to prevail in the market
C. Result in more than the efficient output in the market
D. Result in less efficient output in the market
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