Explain the efficiency of markets and costs of taxation

Reference no: EM131167082

Markets and the Economics of the Public Sector

You have been assigned to a team that has the responsibility of preparing a paper consisting of 350 words for the governor's next economic conference.

• Explain the following concepts using the concept of consumer and producer surplus:
• Efficiency of markets
• Costs of taxation
• Benefits of international trade

APA format and include references as well.

Reference no: EM131167082

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