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Comcast faces a demand curve given by ()=1122 for its cable TV service, where is in millions of subscribers and prices are given in dollars
Comcast faces a demand curve given by ()=1122 for its cable TV service, where is in millions of subscribers and prices are given in dollars for one month of service. The company operates at a constant marginal cost of =$20. What is the maximizing level of output and price? (20 points)
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
