The market structure of the local pizza industry is best characterized by monopolistic competition. One Guy's Pizza is one of the producers in the local market. The demand for One Guy's Pizza is: 
The resulting marginal revenue curve is 
One Guy's cost function is: 
Determine One Guy's profit maximizing level of output and the price charged to customers. Is this a long-run equilibrium?
Definitions:
Strategic Alliance
A formal agreement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations.
Software Application Programs
Computer programs designed to perform specific tasks for users.
Power Distance
This term refers to the degree to which individuals in a society accept and expect power to be distributed unequally.
National Culture
The shared values, norms, behaviors, and artifacts of a nation's inhabitants that distinguish it from other nations.
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