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The diagram below illustrates Tax Incidence with constant cost. (a) Typical Firm (b) The Market Price Price S' S MC F PA AC P 3

The diagram below illustrates Tax Incidence with constant cost.

(a) Typical Firm (b) The Market Price Price S' S MC F PA AC P 3 Tax B P1 D -1- A P 2 C Tax D' D 92 91 Output Q3 Q2 Q1 Quantity per week

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