A profit tax on a monopolist will have no effect on the profit maximizing price and quantity will have no effect on the profit maximizing quantity but the price is going to be higher. O will have no effect on the profit maximizing price but the quantity is going to be lower. O will make the price higher and the quantity is lower.

A profit tax on a monopolist will have no effect on the profit maximizing price and quantity will have no effect on the profit maximizing quantity but the price is going to be higher. O will have no effect on the profit maximizing price but the quantity is going to be lower. O will make the price higher and the quantity is lower.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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