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The monopolist faces a demand curve

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3) The monopolist faces a demand curve given by D(p) = 100 - 2p. Its cost function is;c(y) = 2y.;a) What is the market equilibrium price and quantity?;b) Suppose the government imposes a tax of $3 per unit sold on the seller. Find;out the new equilibrium

 

Paper#29797 | Written in 18-Jul-2015

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