Your firm spent 100 million developing a new drug it has, Ask an Expert

Economics

Your firm spent $100 million developing a new drug. It has now been approved for sale, and each pill costs $1 to manufacture. Your market research suggests that the price elasticity of demand in the general public is -1.1.

What price do you charge the public? (Round to the nearest whole dollar)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91385413

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