(A) If you live in a 1st best world
(B) If you live in a 2nd best world
(C) If the tax rates on some of the items are prohibitively high
(D) Either of the above
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Online Test Preparation and Mcqs Website.
(A) If you live in a 1st best world
(B) If you live in a 2nd best world
(C) If the tax rates on some of the items are prohibitively high
(D) Either of the above