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SOLVED: If, in a monopoly market, the demand function for a product is p = 120 - 0.80x and the revenue function is R = px, where x is the number of units sold and p is the price per unit, what price will maximize revenue?
SOLVED: If, in a monopoly market, the demand function for a product is p = 120 - 0.80x and the revenue function is R = px, where x is the number of units sold and p is the price per unit, what price will maximize revenue?
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