Illustrate the significance of resource pricing

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Q1. Why does the saying, "no taxation without representation "make sense for public goods but not for private goods? Explain the mechanisms by which individuals can "protest" against taxes that are thought excessive to pay for defense spending and tools that are excessive to pay for defense spending and tools that are thought excessive to pay for a bridge.

Q2. Illustrate the significance of resource pricing explain rule or criteria of employing for resources under pure and perfect competition?

Reference no: EM137227

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