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Exhibit 7-12 -Refer to Exhibit 7-12. Calculate the Total Tax Revenue That

Question 43

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Exhibit 7-12 Exhibit 7-12 -Refer to Exhibit 7-12. Calculate the total tax revenue that the government will receive if it imposes a tax of $4 per unit of output.
-Refer to Exhibit 7-12. Calculate the total tax revenue that the government will receive if it imposes a tax of $4 per unit of output.

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$12 million
Output will be 3 m...

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