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A profit maximizing monopoly firm with cost (TC) TC=40Q has a demand of Q = 200 - 2P It is able to price discriminate and wants to introduce its product to a new market
A profit maximizing monopoly firm with cost (TC) TC=40Q has a demand of Q = 200 - 2P
It is able to price discriminate and wants to introduce its product to a new market. It collects information about the new market and
gets information that the demand elasticity in the new market is = -2,6. Calculate the price that the monopoly will set in the new market.
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