17. A profit-maximizing monopoly faces an inverse demand function described by the equation p(y )=502y and its total costs are c(y)=6y, where prices and costs are measured in dollars. In the past it was not taxed, but now it must pay a tax of 4 dollars per unit of output. Find the monopoly prices before the tax. a. 26 b. 28 c. 30 d. 32 e. None of the above.

1. 17. A profit-maximizing monopoly faces an inverse demand function described by the equation p(y
)=502y and its total costs are c(y)=6y, where prices and costs are measured in dollars. In the past
it was not taxed, but now it must pay a tax of 4 dollars per unit of output. Find the monopoly prices
before the tax. a. 26 b. 28 c. 30 d. 32 e. None of the above