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How much should the firm charge for this package

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Question - A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer's demand for the product is Q = 110 - 0.25P, and the marginal cost of production is $160.

Required -

a. Determine the optimal number of units to put in a package.

b. How much should the firm charge for this package?

Reference no: EM133139630

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