Assume a firm faces two customers in the market Customer 1 has an inverse demand of...

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Assume a firm faces two customers in the market Customer 1 has an inverse demand of p=150-91- and Customer 2 has an inverse demand of p=160-92 Marginal cost per unit is constant and equal to $30 Determine the profit the firm could make if it could charge each customer a different lump-sum fee When charging different lump-sum fees to both customers, profit equals $ (Enter a numeric response using a real number rounded to two decimal places) Assume a firm faces two customers in the market Customer 1 has an inverse demand of p=150-91- and Customer 2 has an inverse demand of p=160-92 Marginal cost per unit is constant and equal to $30 Determine the profit the firm could make if it could charge each customer a different lump-sum fee When charging different lump-sum fees to both customers, profit equals $ (Enter a numeric response using a real number rounded to two decimal places)

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Heres how to determine the profit the firm could make by charging different lumpsum fees to each customer 1 Find the maximum price each customer is wi... View the full answer