Show that a profit-maximizing monopolist's output is unaffected by a proper- tional profit tax, but is reduced
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Show that a profit-maximizing monopolist's output is unaffected by a proper- tional profit tax, but is reduced by a tax of $t per unit of output. Explain these results
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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