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A company with monopolistic control in the market has fixed weekly costs of $5,000 and per unit costs of $(210+ 0.05x), where x represents the
A company with monopolistic control in the market has fixed weekly costs of $5,000 and per unit costs of $(210+ 0.05x), where x represents the number of units produced. The weekly demand for x units depends upon the price set by the company. At a price of $300 there will be no demand, but demand increases by one unit for each cent less than $300 the price is set at
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