Taxes have on a monopolist’s price and quantity

Taxes have on a monopolist’s price and quantity

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Reference no: EM13691082

What effect would the following taxes have on a monopolist’s price and quantity?

a. A franchise tax. (A lump sum paid each year for the right to do business.)

b. A profits tax. (Taking a constant percentage of profits)

c. A specific tax. (i.e., 10 cents per unit sold.)

d. Is it possible for the price?

Reference no: EM13691082

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