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Rich Uncle Pennybags is the only seller of board games in Atlantic City, New Jersey. The inverse demand curve for board games is given by=400.5

P=400.5Q, whereQis in hundreds of games per month. Rich Uncle Pennybags' marginal cost of producing board games is7+0.1

7+0.1Q.

a.If Rich Uncle Pennybags cannot price discriminate, what is his profit-maximizing level of output? What is his profit-maximizing price?

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