Examine how taxes can make markets fail to achieve economic


Explain some clues that a consumer could identify to know whether a producer has a surplus. Analyze the first theorem of welfare economics and its importance. If this theorem did not hold true, discuss how would this impact the study of economics? Examine how taxes can make markets fail to achieve economic efficiency and illustrate with your own examples. Discuss why the government must force market equilibrium.

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Macroeconomics: Examine how taxes can make markets fail to achieve economic
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