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Calculate price elasticity to maximise profit

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Reference no: EM132542204

1) A monopoly sells its product in two different cities. In the City A, elasticity is -2.5 and it sells its product in City B for 2.5 times the price it charges in City A. So what is price elasticity in City B? (price discrimination)

2) MC is 52 and the price is 6 Calculate price elasticity to maximise profit for a monopoly

Reference no: EM132542204

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