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A monopoly with a total cost function is given by TC = Q 2 + 100; While themarket demand function is given by Q =
A monopoly with a total cost function is given by
TC = Q2+ 100;
While themarket demand function is given by
Q = 120 - P
If the government imposes a specific tax of 20/unit of output,calculatethechangein the monopoly's profit given this tax policy. When you get the values, please graph thechangein the overall societal welfare with the imposition of the tax.
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