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A monopoly's demand curve is P=600 - 2Q andits cost to produce Q units of output is Q 2 .The government also requires the monopoly
A monopoly's demand curve is P=600 - 2Q andits cost to produce Q units of output is Q2.The government also requires the monopoly to pay a tax of t per unit of output sold. Thus, themonopolist's total cost function is TC =Q2+ tQ,and the government's total tax revenue is tQ.
Question: Find the monopoly's prot-maximizing output, as a function of t.
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