Economics for Business: Excise Tax, Perfect Competition and Merging Local Governments
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Added on 2023-06-12
About This Document
This article discusses the impact of excise tax on tobacco, ATC, AFC, AVC, MC of a perfectly competitive firm, and the economic rationale for merging local government councils in some states of Australia. It covers the concepts of economies of scale, capacity of local government, economies of scope, and administrative and compliance costs.
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