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XYF company monopolizes the production and distribution of the N95AB mask in Singpore. The production of this mask itself incurs a marginal cost of $1
XYF company monopolizes the production and distribution of the N95AB mask in Singpore. The production of this mask itself incurs a marginal cost of $1 per unit and zero fixed cost. The company itself faces an inverse demand function of P = 10 - Q. What are the price, quantity, what happen if fixed cost increase to $10 instead of 0.
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