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Unrelated point, but true. In basic microeconomics, taxes, market power, and other market distortions create deadweight loss. Again, the higher price is borne
by tomrod 3y ago
Unrelated point, but true.
In basic microeconomics, taxes, market power, and other market distortions create deadweight loss. Again, the higher price is borne by the consumer, regardless where in the supply chain/production process it is injected. Higher costs can flow through without deadweight loss, but again this is all in the static scenario.