Question
Answered step-by-stepAsked by rapozokathaleen on coursehero.com
Assume two firms exist in the market, Buckley and Stetler. If they...
Assume two firms exist in the market, Buckley and Stetler. If they merge, they will have fixed costs of $140,000, marginal costs of $50, and a market share of 6 percent. The price elasticity of demand for clinic services is -0.22. Assume the volume of patients at the profit-maximizing price is 24,600. The merged firm's profit-maximizing price is
Select one:
a.
$13.75
b.
$50
c.
$183.35
d.
$68.75
Answer & Explanation
Solved by verified expertAnswered by jaygiti on coursehero.com
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Other answer
Answered by profimmanjuguna on coursehero.com
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