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King airlines has determined that the price elasticity of

Oligopoly Question (SHOW INDEPTH WORKING)

KING Airlines has determined that the price elasticity of demand for two customer segments (Business Class and Coach) is -1.50 and -1.75. Based on their expectations of profitability, KING realizes the price of a Coach Seat should be $155 (one way). How much should Kashian charge for a (one way) Business Class ticket?

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