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An independent inventor argues that the smartphone manufacturer in Q4 above is violating one of her patents on smartphone technology. Her legal team estimates that
An independent inventor argues that the smartphone manufacturer in Q4 above is violating one of her patents on smartphone technology. Her legal team estimates that without the patented technology, the smartphone manufacturer's demand function would be p(Q) = 920 - 4Q. Use this demand function, and the demand and cost information from Q4, to estimate the (upper-bound) economic damages to the inventor from the smartphone manufacturer's illegal use of the patent.
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