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Business, 06.05.2020 02:24 Geo777

If the inverse demand curve P = 180 – Q and the marginal cost is constant at $20, how does charging the monopoly a specific tax of $14 per unit affect the monopoly optimum and the welfare of consumers, the monopoly, and society (where society's welfare includes the tax revenue). What is the incidence of the tax on consumers?

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If the inverse demand curve P = 180 – Q and the marginal cost is constant at $20, how does charging...
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