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A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer's demand for the product is Q d
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer's demand for the product isQd= 80 - .5P, and the marginal cost of production is $100.
a. Determine the optimal number of units to put in a package.
__________ units
b. How much should the firm charge for this package?
$_________
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