Suppose also that there is only one customer in the market

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Suppose that you are a monopolist who produces gizmos, Z, with the total cost function C (Z) = F + 50Z; where F represents the firms fixed costs. Your marginal cost is MC = 50. Suppose also that there is only one customer in the market for gizmos, and she has the demand function P = 60

Reference no: EM13339621

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