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Hi, can u help me solve this please QUESTION 3 A monopoly has the demand curve q = 8,100 - 90p. Its total cost function
Hi, can u help me solve this please
QUESTION 3 A monopoly has the demand curve q = 8,100 - 90p. Its total cost function is c(q) = 36,000 + 45q. The government plans to tax the monopoly's profits at a rate of 25%%. If it does so, the monopoly will O a. not change its price or quantity. O b. None of the other answers is correct. Q c. increase its price by more than 25%. O d. increase its price by less than 25%. O e. increase its price by 25%Step by Step Solution
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