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A monopolistically competitive firm is considering selling several units of the same product as a single package.A typical consumer's demand for the product is Q

A monopolistically competitive firm is considering selling several units of the same product as a single package.A typical consumer's demand for the product isQ = 10 - 0.5Pand the total cost function isC(Q) = 8Q.

The optimal number of units to put into a package is 6.

What is the optimal price to charge for the package?

What are the profits for this pricing scheme?

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