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Jeremy Has a Monopoly on Jetski Rentals on Peterson Lake     \iff

Question 135

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Jeremy has a monopoly on jetski rentals on Peterson Lake. The demand function for jet ski rentals on Peterson Lake is: QD = 160 - 2P     \iff P = 80 - 0.5 QD . Use this information to fill in the table below. If Jeremy's marginal costs are constant at $50, what price should he charge?  Jeremy has a monopoly on jetski rentals on Peterson Lake. The demand function for jet ski rentals on Peterson Lake is: Q<sub>D</sub> = 160 - 2P  \iff  P = 80 - 0.5 Q<sub>D</sub> . Use this information to fill in the table below. If Jeremy's marginal costs are constant at $50, what price should he charge?

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