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 profit is:
A) $100.
B) $150.
C) $0.
D) $50.
Correct Answer:
Verified
Correct Answer:
Verified
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