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Help me solve this You are the owner of a car dealership and you practice no haggle sales policy. Last year, you made a record
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You are the owner of a car dealership and you practice "no haggle" sales policy. Last year, you made a record profit of GHC 1.5 million. Your dealership competes in a market with price elasticity of demand of -1.3. Your marginal cost is GHC 12000. How much should you charge to maintain your record profit?
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To determine the price you should charge to maintain your record profit given the price elasticity o...
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The Economics Of The Environment
Authors: Peter Berck, Gloria Helfand
1st Edition
978-0321321664, 0321321669
