6.8) Indicate whether each of the following statements is true, false, or uncertain. Explain why. a. A proportional tax on all commodities including leisure is equivalent to a lump sum tax. b. Efficiency is maximized when all commodities are taxed at the same rate. c. Average cost pricing for a natural monopoly allows the enterprise to break even, but the outcome is (most likely) inefficient

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Q: c) Discuss various ways in which government policymakers might respond to the problems of monopoly.

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