Question
A. Polishers is an elite wood shop with shops in Mumbai and Lisbon. They found that the demand curve for their wood in Mumbai is
A. Polishers is an elite wood shop with shops in Mumbai and Lisbon. They found that the demand curve for their wood in Mumbai is much flatter than in Lisbon. A. Polishers marginal costs are also higher in Mumbai than Lisbon.
Please answer what would happen to its profit-maximizing price in comparison to both cities given the information.
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
