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:

In the table below, there are some Competitive Monopoly price ratios. By "price ratio", I mean the ratio of the price 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 for the same size. That's a price ratio of 1.7 to 1. Product Price Ratio Kellogg's Com Flakes 15 101 Tylenol Pain Believer 1.6 10 1 Group A Heing Ketchup 1.7 10 1 Bayer Aspirin 25 101 Liberine Mouthwash 3.0 10 1 Tobanco Pepper Sauce 4.6 10 1 Group B Advil Pain Reliever 52 101 Now, look at these two charts: Case 1 Murginal Cost Case