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Ventura3 has the first and only patent for a teletransportation machine. It currently has 100 customers. Each customer has the same demand Q - 2
Ventura3 has the first and only patent for a teletransportation machine. It currently has 100 customers. Each customer has the same demand Q - 2 - 0.10P where Q is the number of teletransportation trips desired per month and P is the price per trip. As a monopoly, Ventura3 sets price and quantity to maximize profit. Ventura3 is not allowed to set a service fee. If Ventura3's monthly marginal cost is MC(Q) = 10, consumer surplus is closest to (1) CS - 25 (2) CS -50. (3) CS = 105. (4) CS = 125
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