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In the table below, there are some Competitive Monopolyprice ratios. By price ratio, I mean the ratio of theprice of the named product to the
In the table below, there are some Competitive Monopolyprice ratios. By "price ratio", I mean the ratio of theprice of the named product to the price of competing prod-ucts. For example, if other brands of ketchup cost on av-erage $2.00 for a certain size, Heinz would cost $3.40 forthe same size. That's a price ratio of 1.7 to 1.Which Group (A or B) is most likely to be Case 1?____ Which Group (A or B) is most likely to be Case 2?____How can you tell?Type your answer and a full explanation here:
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