ECOSYSTEM
3 = 15. (c) What is the relationship between the price elasticities and the prices charged in each market? Problem 3. A monopoly is facing two groups of consumers. Consumers of type 1 have relatively low demand given by P L= 5 q L and consumers of type 2 have relatively high de-mand P H = 10 q H, where q iis quantity demanded by one consumer ... ................
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