HELP M
A family buys a new home for $150,000. However, they also have to set aside
an extra $1,500 to pay to the local government for owning the house. This is
the result of the:
A. estate tax.
B. sales tax.
C. income tax.
D. property tax.
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Ответ:
Property tax
Explanation:
This is the answer from my according because under construction properties tax is 12%
Ответ:
C. have market power because they face downward-sloping demand curves
Explanation:
The monopolistic competition involves many firms competing against each other, but selling products that are distinctive in some way. The competitive firm faces a perfectly elastic (flat) demand curve because the firm can sell the quantity it wishes at the market price. In contrast the demand curve faced by a monopolist is the market demand curve (because is the only firm in the market).
The demand curve faced by a monopolist competitor is not flat but rather downward-sloping. That means that can raise its price without losing all of its customers or lower its price and gain more customers.