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A lumpsum tax on the monopolist or a percentage of the monopoly net revenue is like a fixed cost to a monopolist. It will lead to rise in the total cost. (Shift in average cost curve, marginal cost curve will remain same). As a result, equilibrium point and the equilibrium price-output combination would also remain unaffected by the tax. The profit of the monopolist would now fall, causing a redistribution of incomes. It will be borne by the monopolist and is not shifted to the consumer.
The National Electronic Funds Transfer (NEFT) system processed a record high number of transactions in a day on February 29 this year. How many transact...
Consider the following statements with respect to ‘Local self-government’:
1. In 1687, Bombay achieved the distinction of being the fir...
The Government of India recently made a contribution of USD 1,169,746 to expand the use of Hindi in which international organization?
Who is the new Prime Minister of Japan?
ASEAN India Grassroots Innovation Forum (AIGIF) was launched in which country?
Who has been appointed as the new Managing Director of Life Insurance Corporation of India?
Which of the following statements about the ICC's affiliation with the United Nations (UN) is true?
Exercise Vajra Prahar is a joint military exercise between India and which country?
Where was the IndiaSkills 2024 competition held?
Which country is facing a severe population decline, potentially becoming the first country to experience a "population collapse"?