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2.0 Consider the effects of different taxes on a monopolist. What is the effect of a profit tax levied on monopolists on the monopolist's profit-maximizing

2.0 Consider the effects of different taxes on a monopolist. What is the effect of a profit tax levied on monopolists on the monopolist's profit-maximizing output, price, and profit?Explain the nature of any distortions associated with the tax and its effect on the total surplus created. Assume that government officials observe firm profits.

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