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Q = 1,000,000 - 1,250P (Hint:What is the inverse linear demand for this product?) It's cost function (Total Costs, fixed and variable) is: 50,000,000 +

Q = 1,000,000 - 1,250P

(Hint:What is the inverse linear demand for this product?)

It's cost function (Total Costs, fixed and variable) is:50,000,000 + 150Q

(a) What is the price (P) that maximizes revenue?

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