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AP Microeconomics
Unit 6 โ Market Failure and the Role of Government
Topic 6.4
Unit 6 โ Market Failure and the Role of Government
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6.4 The Effects of Government Intervention in Different Market Structures
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mixed difficulty
What happens to average fixed cost (AFC) when a lump sum tax is imposed?
AFC remains unchanged.
AFC decreases.
AFC shifts to variable cost.
AFC increases.
Study guides (1)
AP Microeconomics - 6.4 The Effects of Government Intervention in Different Market Structures
Key terms
Average Fixed Cost (AFC)
Lump Sum Tax
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