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Lecture

Q4 Monopoly and Property Taxes (Hard)

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Department
Economics
Course
ECO101H1
Professor
All Professors
Semester
Fall

Description
Monopoly and Property Taxes (Hard) An unregulated monopolist is in short run equilibrium and earning economic profits. The monopolist successfully appeals the tax assessment on the firm’s property and property taxes fall by $100,000. A student in Eco 100 concludes that the monopolist
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