Question: please explain why the answer is C 6. You estimate your demand function to be D(p)=300-5 p. The cost of producing one item is $5.

please explain why the answer is C

6. You estimate your demand function to be D(p)=300-5 p. The cost of producing one item is $5. The optimal price is equal to a. $27.5 b. $30 C. $32.5 d. $35 Solution: c

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