What is the term for the revenue a government earns from the sale of a public good or service at a price less than its market price?

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BFee

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Answer:

A fee is the general term for a charge for a service, even if it is below the market price.

Related Questions:

Consider the following statements regarding the ‘Progressive taxation’:

I.Progressive taxation method has increasing rates of tax for increasing value or volume on which the tax is being imposed.

II.Progressive taxation method has increasing rates of tax for decreasing value or volume on which the tax is being imposed.

III. The idea of Progressive taxation is less tax on the people who earn less and higher tax on the people who earn more.

Which of the following statement(s) is/are correct?