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You are the manager of a monopoly that sells a product to four groups of consumers in different parts of the country.Your marginal cost of
You are the manager of a monopoly that sells a product to four groups of consumers in different parts of the country.Your marginal cost of production is $9.Group A's price elasticity of demand is -2.4, Group B's is -1.9, Group C's is -1.3, and Group D's is -2.25.Order the groups from high to low based on the price you will charge.Remember, the first group will be charged the highest price and the last will be charged the lowest price.
Group of answer choices
C, A, D, B
A, D, B, C
C, B, D, A
A, B, C, D
None of the choices listed is correct.
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