1. Fill-up the following table relating to monopoly operations and regulations given the following total cost and inverse demand functions: Total Cost: TC = Q² + 100; Inverse Demand: P = 120 – Q No Regulation MC-Pricing (MC= P*) w/ Lump Sum Tax (T= 75) w/ Specific Tax (t=10) %3D Profit Equation Q* P* 30 30 27.5 92.5 40 90 80 90

1. Fill-up the following table relating to monopoly operations and regulations given the following total cost and inverse demand functions: Total Cost: TC = Q² + 100; Inverse Demand: P = 120 – Q No Regulation MC-Pricing (MC= P) w/ Lump Sum Tax (T= 75) w/ Specific Tax (t=10) %3D Profit Equation Q P* 30 30 27.5 92.5 40 90 80 90

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Monopoly

Section: Chapter Questions

Problem 2CQQ

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