A monopolist has an inverse demand curve given by py12-y, Ask an Expert

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A monopolist has an inverse demand curve given by p(y)=12-y and marginal cost is 2y. What will be its profit-maximizing level of output? Suppose the government decides to put a tax on this monopolist so that for each unit it sells it has to pay the government $2. What will be the output under this form of taxation?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91704647

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