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Suppose the marginal cost for a firm

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1. Suppose the marginal cost for a firm is SMCi=4+Qi, and there are 1000 identical firms, and the market demand for this product is P= 10  0.002Q. 
If the government imposes a specific tax of $1.00 per unit sold on this product, compute the dollar amount of dead weight loss. 

Reference no: EM13977381

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