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The firm in the graph below faces a taxt^1for each unit of emissions. Which area(s) of the graph indicate the firm's ( i ) total
The firm in the graph below faces a taxt^1for each unit of emissions. Which area(s) of the graph indicate the firm's (i) total tax bill, (ii) total abatement costs, and (iii) total compliance costs when it faces the tax t^2.
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