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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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