Question: Second Version: A firm is manufacturing widgets. There are no fixed costs, and the variable cost c to manufacture one widget is $3.5. Through market

Second Version: A firm is manufacturing widgets. There are no fixed costs, and the variable cost c to manufacture one widget is $3.5. Through market research, the firm has determined the following sales response function: At a price of p, they will sell q = (10,000 - 4,000p) widgets. What is the profit-maximizing price in dollars) that they should charge for one widget? Question 4 1 pts Third Version

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