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A firm with market power faces the demand function q = 250 - 5P. The firm's marginal cost function is MC(q) = 5 + 0.2q. If the firm establishes a block-pricing structure with two prices, what prices will the firm use to maximize producer surplus?
Pheromones
Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of the same species.
Cytokines
Signaling proteins secreted by cells, playing a critical role in immune system responses and inflammation.
Pyrimidines
A class of nitrogenous organic compounds with a single six-member ring, found in nucleic acids (DNA and RNA).
Capsaicin
The active component in chili peppers that gives them their characteristic heat, used in topical ointments for pain relief.
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