When a State decides to double the tax on alcoholic beverages and consequently, increases their market price, the State is aiming at:
a. market suppression.
b. profit maximization.
c. cost recovery.
d. market domination.
Answer: A
When a State decides to double the tax on alcoholic beverages and consequently, increases their market price, the State is aiming at:
a. market suppression.
b. profit maximization.
c. cost recovery.
d. market domination.
Answer: A