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Answer to Question #40775 in Microeconomics for Alishia

Question #40775
if the inverse demand curve is p=120-Q and the marginal cost is constant at 10, how does charging the monopoly a specific tax of r= 10 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? (15 marks)
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