A monopolist faces the following demand function D(P) :
D(P)=10 for P in the interval [0, 10]
=20−P for P in the interval (10, 20)
=0 for P in the interval [20, ∞)
Now suppose that the monopolist has zero-variable cost of production. However, if it produces any positive amount, it must incur a fixed cost of Rs 50. What is the optimal monopoly price?
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