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Suppose that a monopolist's market (inverse) demand is given by P = a - bQ and that total cost is given by TC = c
- Suppose that a monopolist's market (inverse) demand is given by P = a - bQ and that total cost is given by TC = c Q. The government imposes a unit tax, t, on the monopolist producer. Solve for the monopoly price and quantity.
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Econometric Analysis Of Cross Section And Panel Data
Authors: Jeffrey M Wooldridge, J M Wooldridge
2nd Edition
0262232588, 9780262232586
