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Pricing Strategies for Firms with Market Power End of Chapter Problem You are the owner of a mini - golf course. Your customers with children

Pricing Strategies for Firms with Market Power End of Chapter Problem You are the owner of a mini-golf course. Your customers with children have a price elasticity of demand for rounds of mini golf of -2.5; your customers without children have a price elasticity of demand of1.2. The marginal cost of a round of mini- golf is $2. a. If you segment the market by customers with or without children, what price should you charge customers with children? What price should you charge customers without children? Enter answers to two places after the decimal. P children = $ 3.33 P no children $ 12.00

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