Question: Please give a try in this question, try to explain it as best as you can, thanks ! Q8. The rm's optimal price. A rm

Please give a try in this question, try to explain it as best as you can, thanks !

Q8. The rm's optimal price. A rm (indexed as rm i) produces output (YE) at a constant marginal cost c and sells it at a price Pi. The rm faces a demand function for their products given by Yi = IcPi'\". Derive an expression for the optimal price Pi. Give an intuitive interpretation for your result

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