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Question 33 3 pts A producer of athletic shoes produces all of its basketball shoes at a constant marginal cost. It sells a brand-name version
Question 33 3 pts A producer of athletic shoes produces all of its basketball shoes at a constant marginal cost. It sells a brand-name version of the shoe with a basketball star endorsement to one market (A), with price elasticity of demand equal to -2; and an identical "discount" brand version to another separate market (B), with price elasticity of demand equal to -5. The ratio of the price in market A to the price in market B should be O 0.625 O 1.6 O 1 O 2.5
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