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Optimal markups and prices under third-degree price

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You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Analysts at your firm have determined that group 1's elasticity of demand is -6, while group 2's is -2. Your marginal cost of producing the product is $80.

Determine your optimal markups and prices under third-degree price discrimination.

Reference no: EM133066998

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