Class 9 Homework-

 Your firm has a monopoly with its Valet-I (pronounced val-ay-eye) app. It knows what’s in the user’s closet and what’s in their calendar, and uses artificial intelligence to plan their wardrobe, ordering pieces as needed from the hottest brands to complement their unique and personal style.Your only marginal cost is €1 each time it is downloaded on the Apploid Store. You have correctly calculated that €10 maximizes European profits if you have to charge each consumer the same price,and at that price you have 100,000 downloads per period.




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