Question 4

D Question 4 1 pts A profit-maximizing single-price monopolist faces a downward sloping demand curve. If the government decided to take 40% of the monopolist's profit in taxes, the monopolist would react by decreasing the price it charges increasing the quantity it sells but at the same price as before the tax decreasing the quantity it sells but at the same price as before the tax producing the same quantity and changing the same price as before increasing the price it charges