Question
A monopolist is facing with a demand curve P = -2Q + 18 and total cost function TC = Q^2. Government imposes 3$/unit tax on
A monopolist is facing with a demand curve P = -2Q + 18 and total cost function TC = Q^2.
Government imposes 3$/unit tax on producer. Calculate P**, Q** and profit** max.
I thought that there were no well-defined supply curve in monopoly, so how can I illustrate 3$/unit tax on producer?
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Technology Ventures From Idea To Enterprise From Idea To Enterprise
Authors: Richard C Dorf, Byers
3rd Global Edition
9780071289214
