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Consider the demand curve p=210-3Q and the cost function C=100+2Q^2. If the market were competitive, calculate the incidence of a specific tax t=7, that would
Consider the demand curve p=210-3Q and the cost function C=100+2Q^2.
If the market were competitive, calculate the incidence of a specific tax t=7, that would fall on consumers.
Calculate the incidence of the same tax if the market were instead a monopoly.
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