Please review and answer the following question

irse hero - Google Search X Homework Help - Q&A from x PaperWritten.com - Order M x G liberty university - Google Se X Connect X Mail - McNair, James ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2525%252Flearn.liberty.edu%252Fwebapps%252Fportal%252Fframeset.jsp ESPN: The Worldwi... Shalimar Weather -... G Google https://searchsafe.n... New Tab Bookmarks @ Pay Someone To D... Homework 6 i Saved 7 Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market. Additionally, suppose that the (wholesale) 8 market elasticity of demand for Scotch liquor is -1.7 and that it costs $16.80 to produce and distribute each liter of Scotch. points Based only on these data, provide quantitative estimates of the likely pre- and postmerger prices in the wholesale market for premium Skipped Scotch liquor. Instruction: Do not round intermediate calculations. Enter your final responses rounded to the nearest penny (two decimal places). eBook Pre-merger price: $ References Post-merger price: $