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3. Using the price and quantity data from the demand experiment conducted by ZipRecuiter.com, you estimate demand to be Q-0.33 -0.00063P. You know ZipRecuiter.com

3. Using the price and quantity data from the demand experiment conducted by ZipRecuiter.com, you estimate demand to be Q-0.33 -0.00063P. You know ZipRecuiter.com initially charged P-$99, and you may assume that MC-AC-0. ZipRecruiter has asked you to make a recommendation for the optimal (single) profit-maximizing price. Based on your estimated demand, you recommend which price? a. Maintain the current price of $99 b. Increase price to $262 c. Increase price to $249 d. Reduce price to $79. The Ziprecuiter.com data is in the table below: Price 19 39 59 ConvRate 0.36 0.32 0.28 79 0.29 99 0.24 159 199 0.20 0.18 249 0.17 299 0.13 399 0.11

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