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if the inverse demand curve is p=120 - Q and marginal cost is constant at 10 how does charging the monopoly a specific tax of R=10 per unit affect the monopoly optimum and the welfare of consumers the monopoly and society(where society's includes tax revenue)? what is the incidence of the tax on consumers.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M938450

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