25.4 A monopolist has a cost function given by c(y) = y^2 and facesa demand curve given by P(y) = 120 − y.If you put a lump sum tax of $100 on this monopolist, what would its output be?If you wanted to choose a price ceiling for this monopolist so as tomaximize consumer plus producer surplus, what price ceiling should youchoose?
25.4 A monopolist has a cost function given by c(y) = y^2 and facesa demand curve given by P(y) = 120 − y.If you put a lump sum tax of $100 on this monopolist, what would its output be?Here,…
