-46. The ultimate distribution of a. Tax benefit b. Tax Cost c. Tax Incidence d.
ID: 1129137 • Letter: #
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-46. The ultimate distribution of a. Tax benefit b. Tax Cost c. Tax Incidence d. None of the above. tax burden is called 47. In Monopolistic Competition, the long run the demand curve will be tangent to the average cont curve along the negatively-sloping portion of the AC curve. This is called a. the Declining Cost Theorem. b. the Excess Capacity Theorem c. the Low-Value Theorem. d. none of the above 48. Which is NOT a characteristic of Oligopoly b. Strategic Interaction. c. Cartels. d. All are characteristics of an Oligopoly 9. In Perfect Competition the Firm's marginal cost curve a. Is horizontal. b. Is the firm's demand curve. c. Is the firm's supply curve d. Is the firm's average cost curve. One of the five sources of Monopoly is a. Legal Restrictions. b. Many buyers and sellers. c. Heterogeneous products. d. All are sources of monopolies. 50.Explanation / Answer
46. The ultimate distribution of tax burden is called as (c) tax burden.
47. The correct answer will be (a) declining cost theorem
48. The correct answer will be (d) all are the characteristics of oligopoly.
49. In perfect competition market (c) the supply curve itself is the marginal cost curve.
50. One of the five source of monopoly is (a) legal restriction.
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