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Consider a firm that manufactures plain white t-shirts. They estimate that their typical consumer has an inverse demand function of P = 7.5 - Q
Consider a firm that manufactures plain white t-shirts. They estimate that their typical consumer has an inverse demand function of P = 7.5 - Q and their marginal cost for a t-shirt is $1.50. If the firm uses a block pricing strategy, they should put [ Select ] shirts in a package and sell the package for $ [ Select ]
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