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[0: 11-9005560] Suppose a single-price monopolist faces an inverse demand curve given by: p(Q) = 280 20 and has a marginal cost curve given by

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[0: 11-9005560] Suppose a single-price monopolist faces an inverse demand curve given by: p(Q) = 280 20 and has a marginal cost curve given by MC(Q) = Q. Calculate the quantity of goods that the monopolist will sell at the market equilibrium and the price it will charge. Round your answer to one decimal place. Equilibrium quantity: |:|. (Round your answer to one decimal place and use in subsequent calculations). Equilibrium price: |:|_ (Round your answer to one decimal place and use in subsequent calculations). Calculate the deadweight loss of this monopoly. |:|. (Round your answer to two decimal places; Hint: be careful not to round the competitive quantity). Now suppose that a 39% ad valorem tax is applied to the consumers in this market. Calculate the after-tax market equilibrium. Enter each of your answers rounded to the second decimal place. Equilibrium quantity: |:| units. (Round your answer to one decimal place and use in subsequent calculations). Price consumers pay: $|:|. (Round your answer to one decimal place and use in subsequent calculations). Price monopolist receives: $D. (Round your answer to one decimal place and use in subsequent calculations). Calculate the deadweight loss of this market after the tax is imposed. |:|. (Round your answer to two decimal places; Hint: be careful not to round the competitive quantity). Did taxing this monopolist reduce the size of the deadweight loss? 0 A. The tax did not impact the size of the deadweight loss. 0 B. The tax reduced the size of the deadweight loss. 0 C. The tax made the size of the deadweight loss larger

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