A monopolist faces a demand function given by Q = 50 -P and has a cost function C =3Q²+ 10Q +
50. If the government imposes a lump sum tax of $50, the monopoly price is now greater than the pre- tax monopoly price.

Name: A monopolist faces a demand function given by Q = 50 -P and has a cost function C =3Q 2 + 10Q + 50. If the government imposes a lump sum tax of $50, the monopoly price is now greater than the pre- tax monopoly price. A)$0. B)$10. C)$3. D)$5.
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The Answer is A

A Monopolist Faces a Demand Function Given by Q =