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Suppose a monopolist expects to encounter 8 customers in a typical day. Their re...
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Suppose a monopolist expects to encounter 8 customers in a typical day. Their reservation prices are sorted and shown in the table below.
Customer
|
Reservation Price ($)
|
A
|
30
|
B
|
25
|
C
|
22
|
D
|
20
|
E
|
18
|
F
|
16
|
G
|
13
|
H
|
10
|
If the marginal cost is $9, how many customers will the monopolist serve?
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