Suppose a government-imposed lump-sum tax on every firm in a monopolistically competitive industry shifts up the average total cost curve without affecting marginal cost. What will happen to the equilibrium number of firms, the quantity produced in the industry, and the long-run price of this industry's product?

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The Answer of Suppose a government-imposed lump-sum tax on every firm in a monopolistically competitive industry shifts up the average total cost curve without affecting marginal cost. What will happen to the equilibrium number of firms, the quantity produced in the industry, and the long-run price of this industry's product?

Suppose a Government-Imposed Lump-Sum Tax on Every Firm in a Monopolistically