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Hi, I need help with the following premise: During the 2000s, the pharmaceutical Percocet turned into a leading pharmaceutical for its' purpose. At the time,
Hi, I need help with the following premise:
During the 2000s, the pharmaceutical Percocet turned into a leading pharmaceutical for its' purpose. At the time, the pill cost $0.60. During an independent study, the price elasticity for high selling products was found to be between -1.4 and -1.2. With this information, determine the minimum price range at which the pharmaceutical can be sold.
Note: Calculations must be shown where applicable.
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