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Unformatted text preview: b. Here =-+ MC 180 26Q Q2 . To maximize profits, set MC=MR to find Q2*; verify that Q2*=20 and p2*=80. f. Verify that positive profits will be earned. c. Verify that by choosing Q1* and p1*, economic loss will follow. g. h....
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This note was uploaded on 01/19/2011 for the course BUSMKT 103 taught by Professor Johnson during the Spring '10 term at Pittsburgh.
- Spring '10