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Business, 13.04.2021 01:30 katarawho

A pharma company was granted the monopoly of a drug by means of a patent. Market demand in a given year is  = 9 −  where  is quantity in hundreds thousand pills and  the price in dollars. The marginal cost  of producing a pill is independent of output and equal to $1 a. (25 pts) What is the monopoly price and production in a year.

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