What market into two distinct groups based on differences

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Q. Suppose that a firm has "pricing power" and can segregate its market into two distinct groups based on differences in elasticities of demand. The firm might charge:

Q. Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime population grew 50 percent and prices rose 100 percent. What happened to real GDP per person?

Reference no: EM1353843

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