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Chapter 5: Efficiency and the Role of Government Chapter 5: Efficiency and the Role of Government

Chapter 5: Efficiency and the Role of Government - PowerPoint Presentation

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Uploaded On 2017-04-18

Chapter 5: Efficiency and the Role of Government - PPT Presentation

According to the system of natural liberty the sovereign has only three duties to attend to first the duty of protecting the society from the violence and invasion of other independent societies secondly the duty of protecting so far as possible every member of the society from the i ID: 538936

tax government surplus price government tax price surplus cost market effects private quantity social table marginal fine consumers public

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