What is the profit maximizing price

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Reference no: EM131003039

Given the following information for Price Right: Quantity sold Price per unit (units) ($) 1,000 10 400 11 .

a) What is the profit maximizing price (MC = $5)

b) Should Price Right be concerned about its competitors?

c) Suppose MC is equal to the intercept of the demand curve, what is the implication?

Reference no: EM131003039

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