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The monopolistic furniture producer now discovers that 40% of the people in the town are willing to pay $250 for a table, another 20% are
The monopolistic furniture producer now discovers that 40% of the people in the town are willing to pay $250 for a table, another 20% are willing to pay $200, and the remaining 40% are only willing to pay $150. The cost of producing each table is still $100. How much should the monopolist charge for each table? $150 $200 $250 The furniture seller will earn the same profit pricing at $200 or at $250
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