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You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Analysts at your
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Analysts at your firm have determined that group 1's elasticity of demand is -3, while group 2's is -2. Your marginal cost of producing the product is $70. Determine your optimal prices under third-degree price discrimination. Instructions: Enter your responses in whole numbers. Price for group 1:$ type your answer. Price for group 2:$ type your
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