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Your friend has designed a new teapot and plans to open a teapot shop on Etsy. After learning that you are taking BUAD 311,


  

 

Your friend has designed a new teapot and plans to open a teapot shop on Etsy. After learning that you are taking BUAD 311, your friend comes to you for suggestions on pricing. Based on the sales data of other similar teapot shops on Etsy, you estimate the demand to be a function of the price p: D(p) = 400 - 20p, 0

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