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Question 1 (3 points) A pharmaceutical company that produces a patented drug has estimated the demand for this drug to be Q = 10,000 -

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Question 1 (3 points) A pharmaceutical company that produces a patented drug has estimated the demand for this drug to be Q = 10,000 - 100 P. The marginal cost of producing this drug is constant at $40, which is also the firm's average total cost. Answer the following questions, showing all your calculations. (a) (1 point) How much would this pharmaceutical company produce? (b) (1 point) What price is this company going to charge? (c) (1 point) How much economic profit would the company earn? 11 Go A, o

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