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Your friend's firm produces one type of product; the marginal cost of producing the good is mc, and there is no fixed cost. She can
Your friend's firm produces one type of product; the marginal cost of producing the good is mc, and there is no fixed cost. She can decide the price to charge for the product p. If she sets the price to p, Dfp) individuals will purchase the product. b. Use calculus to find the optimal price in terms of the primitives mc, p, and 003)
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