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A monopolist produces golf balls. Assume that the demand for golf balls is P=100-Q and its MC=20. What is the optimal unit price and lump
A monopolist produces golf balls. Assume that the demand for golf balls is P=100-Q and its MC=20.
What is the optimal unit price and lump sum (or fixed fee) price. Please fill in the blanks.
Unit Price:
Lump sum price:
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