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Q3. A firm [indexed as rm i] produces output [Y1] at a constant marginal cost m and sells it at a price Pi. The rm

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Q3. A firm [indexed as rm i] produces output [Y1] at a constant marginal cost m and sells it at a price Pi. The rm faces a demand function for their products given by Yi = kPlT". Derive an expression for the optimal price Pi. A] Pi = {(0% B) Pi = inf C] Pi = 111% D] Pi = 111% E] Pi = an? F) Pi = in? G) Pi = 1m"+1 H] Pi = m"1 D Pi = \"ma1 K] Pi = Inna\" L] Pi = limo'1 M) Pi = iml N] Pi = ima'1

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