[Solved] What Will Be the Effect of a Monopoly Sales Tax

Question 110
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What will be the effect of a monopoly sales tax imposed on a monopolist's output?


A)It will lead to an increase in the price and a reduction in output.
B)It will lead to an increase in price but will have no effect on output.
C)It will lead to a reduction in output but will have no effect on price.
D)It will have no impact on price or on output.

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