3.4 A monopoly sells its good in the United States, where the elasticity of demand is -1.5,...
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3.4 A monopoly sells its good in the United States, where the elasticity of demand is -1.5, and in Germany, where the elasticity of demand is -2.5. Its marginal cost is $20. At what price does the monopoly sell its good in each country if resale is impossible?
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Managerial Economics And Strategy
ISBN: 9780135640944
2nd Global Edition
Authors: Jeffrey M. Perloff, James A. Brander
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