When will the efficiency costs of the tax be greater

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Suppose that the government of Michconsin imposes a tax on cheese curd production.

When will the efficiency costs of the tax be greater-in the short run or in the long run-and why?

Reference no: EM131200106

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When will the efficiency costs of the tax be greater : Suppose that the government of Michconsin imposes a tax on cheese curd production. - When will the efficiency costs of the tax be greater-in the short run or in the long run-and why?
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