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I do not understand your reply --- I am a premiere member and have 3 questions per day. This is 1 of 3 questions I submitted for the day, so there...
I do not understand your reply --- I am a premiere member and have 3 questions per day. This is 1 of 3 questions I submitted for the day, so there should be no charge. I am resubmitting the question...but there should be no charge."You are the manager of a monopoly. A typical consumer’s inverse demand function for your firm’s product is P = 100 – 20Q, and your cost function is C(Q) = 20Q.a. Determine the optimal two-part pricing strategy.b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price? SHOW ALL CALCULATIONS"
