When a customer pays sales tax on a purchase, the tax incidence is typically ____________.

Group of answer choices

Paid fully by the buyer

There is not enough information to answer this question.

Shared between buyers and sellers

Paid fully by the seller

Competitive firms have all of the following characteristics except:

Group of answer choices

All of these are characteristics of competitive firms

Perfectly elastic demand

Many buyers and sellers

Price takers

Identical products