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Calculate highwater profit maximizing price

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The Highwater Paddle and Sail Corporation ran a regression using historical sales data on its paddleboards. The analysis produced the following regression line: q = -2 * p + $1,365, where q = slope * p + MWB. Highwater's variable cost per paddleboard is $192. Assuming a linear demand function, calculate Highwater's profit maximizing price.

Reference no: EM133123903

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