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The Yankees have determined that there are three groups of buyers for their tickets. They have determined that the price elasticity of demand for group one is -1.02, for group two is -1.4, and for group three -2.1. The Yankees also know their marginal cost per ticket is $10. The Yankees want to practice price discrimination to maximize their profits. Determine the profit maximizing price that should be charged to each group of buyers

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9305336

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