If the inverse demand curve is p120-q and the marginal cost, Ask an Expert

Economics

if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumers, the monopoly, and societY?What is the incidence of the tax on consumers?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9627879

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