Pricing strategy if demand equation is for entire market, Microeconomics

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Pricing strategy if demand equation is for entire market

Consider the following demand equation which represents demand for goods that your company produces q=100-2p.

Total cost of production is cq. Given that your company's objective is to maximize profit

(a) what would be the best pricing strategy if the demand equation is for the entire market? Find the price.

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Microeconomics: Pricing strategy if demand equation is for entire market

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Microeconomics: Pricing strategy if demand equation is for entire market

Reference No:- TGS067663

Have a Question? (oR Write a Review)

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Ask an Expert for Answer!!

Microeconomics: Pricing strategy if demand equation is for entire market

Reference No:- TGS067663

Recent Questions Asked Microeconomics

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