Given the company is monopolist. Suppose the government imposes a specific tax of 2 thousand dollars to the profit maximizing seller, graph the diagram, indicate the effect of this tax. (please explain what kind of the tax? )

Given the company is monopolist. Suppose the government imposes a specific tax of 2 thousand dollars to the profit maximizing seller, graph the diagram, indicate the effect of this tax. (please explain what kind of the tax? )

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 29CTQ: Imagine that you ale managing a small firm and thinking about entering the market of a monopolist....

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Given the company is monopolist. Suppose the government imposes a specific tax of 2 thousand dollars to the profit maximizing seller, graph the diagram, indicate the effect of this tax.

(please explain what kind of the tax? )

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