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QUESTION
Q2. Suppose that a price setting firm has the following direct demand function: Qd = 100-20P Find the inverse demand curve. What is it's slope and
Given your results, is there a difference between maximizing Revenue (part d) and maximizing profits (part g). Why?Running Head: DEMAND FUNCTION1 Demand functionInstitution AffiliatedDate: DEMAND FUNCTION2 Q2. Suppose that a price setting firm has the following direct demand function:Qd = 100-20Pa) Find...
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