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Solve clearly Your company just became international by offering its products in both the United States and Canada. Experts In your analytics department believe that

Solve clearly

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Your company just became international by offering its products in both the United States and Canada. Experts In your analytics department believe that tastes for your product differ In those two countries, and have carefully collected data on prices and quantity demanded in both countries. They then present you with the results of two regressions, one for each country, as follows: Log Price regressed on Log Quantity (United States): Standard Coefficients Error t stat P-value Lower 95% Upper 95X Intercept 52.75573994 10.81051303 4.58040363 1.67605E-06 31.48708283 74.0239785 Log Quantity -5.382266173 1.170584108 -4.597932039 6.152536 -06 -7.685279168 -3.075253177 Log Price regressed on Log Quantity (Canada); Standard Coefficients Error t stat P-value Lower 95X Upper. 95X Intercept 22.8707593 10. 64507785 2.148482109 0.032425603 1.9275802 43.8139384 Log Quantity -2. 095788278 1.152727409 -1.818112644 0. 069981782 -4.363669916 0. 17209336 Assume you have adequate statistical significance for both inverse demand curves, and suppose your marginal costs are $20. What Is the profit maximizing price you should charge in each country? Instruction: Round your answers to the nearest penny United States: $ Canada: $

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