Question: A monopolist has a cost function given by C(y)=y and faces a demand curve given by P(y) = 120-y. a) Suppose that you impose a

A monopolist has a cost function given by C(y)=y and faces a demand curve given by P(y) = 120-y. a) Suppose that you impose a specific tax of $20 per unit of output. What will be the monopolist's profit maximising level of output? Explain your derivation and comment on the impact on output

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