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Suppose that the demand elasticity for apples is -1.7 and you need to figure out the profit maximizing price per-pound. Your cost-per pound for apples
Suppose that the demand elasticity for apples is -1.7 and you need to figure out the profit maximizing price per-pound. Your cost-per pound for apples is $1. Suppose that you are one of 2 supermarkets in town of roughly equal size and market share. Calculate the profit maximizing price
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
