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Business, 07.08.2021 01:00 Rebelyfe4175

Wobble's Weebles is the only producer of weebles. It makes wheelbase at constant marginal cost c (where c > 0) and sells them at a price of P1 per weeble in Market 1 and at a price of P2 per weeble in Market 2. The demand curve for weebles in Market 1 has a constant price elasticity of demand equal to -2. The demand curve for weebles in Market 2 has a constant price elasticity equal to -3/2. The ratio of the profit maximizing price in Market 1 to the profit maximizing price in Market 2 is:

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Wobble's Weebles is the only producer of weebles. It makes wheelbase at constant marginal cost c (wh...
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