Question

The Ramsey problem, which later yielded a second-best solution for monopoly pricing, was originally formulated to optimize these things. Peter Diamond and James Mirrlees (0[1])found that these things need not alter production decisions. These things' (0[1])economic incidence, which is independent from statutory incidence, (20[1])depends on the elasticities of suppliers and consumers. (20[2])One type of these things (20[1])that can bring private marginal cost into equality with social marginal cost (20[2])was described (20[1])by (20[1])(*) A. C. (0[1])Pigou. (10[9]0[3])They're not (10[1])quotas, (10[3])but infant industries benefit from a type of these things. (10[1])The "wedge" caused by these things results in deadweight loss. (10[1]0[1])For 10 points, name these government policies, (0[1])exemplified by tariffs, (10[2]0[1])that (10[1])proportionally raise prices. (10[1])■END■ (10[9])

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