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A profit-maximizing skeet club segments its market. It charges juniors $4 per round based on their price elasticity of demand of -2.0. Its adult shooters
A profit-maximizing skeet club segments its market. It charges juniors $4 per round based on their price elasticity of demand of -2.0. Its adult shooters have a price elasticity of demand of -1.4. The marginal cost per round does not vary by the shooter's age. What price does the skeet club charge adult shooters?
A)$6
B)$8
C)$7
D)$5.75
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