Multiple Choice
A monopolist faces a demand function given by Q = 50 -P and has a cost function
C =3Q2+ 10Q + 50. If the government imposes a lump sum tax of $50, the monopoly price is:
A) $100.
B) $3.
C) $10.
D) $5.
Correct Answer:
Verified
Correct Answer:
Verified
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