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Tidy Tidy
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8 years ago
Suppose a monopoly is producing its profit-maximizing output level. Now suppose the government imposes a lump-sum tax on the monopoly, independent of its output. As a result the monopolist will increase the price of its product to cover its higher cost.
True or false?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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VincenzoDVincenzoD
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Tidy Author
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8 years ago
this is exactly what I needed
Marctheshark
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You make an excellent tutor!
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Thank you, thank you, thank you!
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