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What is the profit-maximizing price you should set

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Question: Suppose you run a bakery. Suppose your marginal cost function is given by MC=Q and the demand curve that your firm faces (i.e., the demand for your product) is QD=12-P . In the short-run, your bakery functions as a monopoly. What is the profit-maximizing price you should set?

 

 

Reference no: EM133598758

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