The 'Dahsala' system, a land taxation method, was introduced in 1580 A.D. during the reign of Emperor Akbar. This system, conceptualized by Akbar's finance minister, Raja Todar Mal, standardized revenue collection and is noted for its administrative efficiency and fairness.
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
