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QUESTION 3 SportsMart is a sports apparel department store in Hayward. The manger has estimated the weekly demand function to be P = 25 -

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QUESTION 3 SportsMart is a sports apparel department store in Hayward. The manger has estimated the weekly demand function to be P = 25 - 0.001Q where P is the price and Q is the output per week. The firm's total costs are given by TO = 4000 + 130 + 0.0020- and its marginal cost function is given by MC = 13 + 0.004Q. What is the firm's profit-maximizing price? (Write answer without the dollar sign.)

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