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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= 50 -0.25P, and the marginal cost of production is $120.
The quantity is 20 (showed correct on homework) but struggling with the price/package. I have seen answers all over the map, I came up with 3200
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