(c) Nowsuppose that thefirm takes into account the relationship between the two goods and sets the prices...

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(c) Nowsuppose that thefirm takes into account the relationship between the two goods and sets the prices accordingly. Determine p1 and p2.

Are the prices higher or lower than the prices using the inverse elasticity rule? Explain the reason for your answer.

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Essentials Of Business Communication

ISBN: 9780176721244

9th Canadian Edition

Authors: Richard Almonte, Mary Guffey, Dana Loewy

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