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Your firm spent $200,000,000 bringing a new drug to market. Each pill costs $2 to manufacture. The price elasticity of demand is -3.00. How much
Your firm spent $200,000,000 bringing a new drug to market. Each pill costs $2 to manufacture. The price elasticity of demand is -3.00. How much should you charge?
Select one:
a.
$3
b.
$6
c.
$5
d.
$2
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