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What are the effects and the contribution of the excess tax burden to market failure?

      

What are the effects and the contribution of the excess tax burden to market failure?

  

Answers


Faith
The excess burden measures the loss in net benefits from private uses of resources that results when a price distorting tax prevents markets for taxed goods and services form attaining efficient output levels thus leading to market failure.
Faimus answered the question on February 25, 2019 at 19:01


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