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

Economics

If the inverse demand curve is p=120-Qand the marginal cost is constant at 10,

how does charging the monopoly a specific tax of 10 per unit affect the monopoly optimum and the 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.:- M9740942

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