Suppose the European Union $($EU$)$ was investigated and proposed a 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$)$ market elasticity of demand for Scotch liquor is $-1\mathrm{.}9$ and that it costs $$14\mathrm{.}80$ to produce and distribute each liter of Scotch.

Based only on these data, provide quantitative estimates of the likely pre$-$and postmerger prices in the wholesale market for premium Scotch liquor.

Instructions: Do not round intermediate calculations. Enter your final responses rounded to the nearest penny $($two decimal places$).$

Pre$-$merger price: $

Post$-$merger price: $