Consider the inverse demand curve (p=210-3 Q) and the cost function (C=100+2 Q^{2}). If the market were

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Consider the inverse demand curve \(p=210-3 Q\) and the cost function \(C=100+2 Q^{2}\). If the market were competitive, calculate the incidence of a specific tax, \(t=7\), that would fall on consumers. Calculate the incidence of the same tax if the market were instead a monopoly.

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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