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Assume a firm can carry out block pricing (2 blocks). Furthermore, assume that all consumers have the following demand: q=12-0.5p. For simplicity, assume that the
Assume a firm can carry out block pricing (2 blocks). Furthermore, assume that all consumers have the following demand: q=12-0.5p. For simplicity, assume that the firm can produce the good at no cost.
Calculate the optimal prices and quantities.
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