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Suppose the government thinks that consumers today are eating too much red meat. Let the government impose a $50 per hundredweight specific tax on the

Suppose the government thinks that consumers today are eating too much red meat. Let the government impose a $50 per hundredweight specific tax on the monopolist to reduce cattle production and consumption. Let the inverse demand for cattle be P=1000-20Q and the new total cost to produce a cow be TC=1000 5Q2. Calculate the new price of cattle under the tax

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