adb34
Mar 8, 2016, 09:20 AM
Qn: "A monopolist prefers an ad valorem tax to a specific tax, other things equal." True of False?
I know a monopolist prefers specific tax because ad valorem takes a larger portion of their revenue, but I'm not sure how to explain it.
I know a monopolist prefers specific tax because ad valorem takes a larger portion of their revenue, but I'm not sure how to explain it.