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Other options for optimal price: 10,11,8,12 or 9 Other options for profit: 82.5,67.5,65.5 or 73.5 Suppose two types of customers visit a store with inverse

Other options for optimal price: 10,11,8,12 or 9 Other options for profit: 82.5,67.5,65.5 or 73.5

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Suppose two types of customers visit a store with inverse demand given by P = 15 - 3q and P = 20 - 2q. Assuming the storeowner sells to both customers, what price do they set to maximize revenue? What is their total profit? optimal price = 11 profit = 67.5

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