The manager of a monopoly that sells a product, Macroeconomics

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The manager of a monopoly that sells a product

Suppose you are the manager of a monopoly that sells a product to two groups of consumers in the different parts of the country. Group 1's elasticity of demand is -4, while group 2's is -5. Your marginal cost of forming the product is $60. Round answers to two decimal points.

1.Markup for Group 2?

2.Price for Group 2?

3.Price for Group 1?

4.Markup for Group 1:?

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Macroeconomics: The manager of a monopoly that sells a product

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Macroeconomics: The manager of a monopoly that sells a product

Reference No:- TGS0871256

Have a Question? (oR Write a Review)

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Macroeconomics: The manager of a monopoly that sells a product

Reference No:- TGS0871256

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