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A monopolist faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. 

and have the answers for most, but can someone give me a bump in the right direction for the follow up - 

Now suppose a tax of $100 per unit is imposed. How will this affect the firm’s price?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9486227

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