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)Assume the local theme park has determined that the price elasticity of demand for weekday patrons is -4 and the price elasticity of demand for weekend patrons is -2.5. The marginal cost of each additional patron is constant at $10. If the theme park engages in third degree price discrimination, what is the highest of the two prices it charges?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M975574

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