kev-is-red
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- Oct 22, 2011
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How is his logic flawed? It is completely right.
Also, I thought your teacher did this -- how could he/she have gotten it wrong?
Amount revenue decreases by = (3x100) - 2(10x100) - (5x100) = $1500
The foreign producers certainly don't receive government revenue.
My logic here also may be wrong, cause I didn't get that answer in the first place.
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