Suppose a lump sum tax of $100 is levied on a monopoly. The lump sum tax must be paid by the monopoly regardless of its quantity of output. How does the lump sum tax affect the output and profit of the monopoly? solutionspile.com

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Suppose a lump sum tax of $100 is levied on a monopoly. The lump sum tax must be paid by the monopoly regardless of its quantity of output. How does the lump sum tax affect the output and profit of the monopoly?  solutionspile.com

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