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Homework answers / question archive / You manage two locations for your firm selling products to consumers
You manage two locations for your firm selling products to consumers. In city A, you have lots of competition, so the consumer's price elasticity is -7.5. In city B, you face less competition and your consumer's price elasticity is -3.5. The total cost of your location is the same and is given by 67Q + 30. What is the optional price in city B?
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