Business, 25.10.2019 04:43 kaylakk5

Amonopolistic seller of sports cars has traced out the following demand curve: 10 customers have willingness to pay (wtp) of $100k each, another 10 customers have wtp of $150k each, another 10 customers have wtp of $200k each; and a further 15 customers have wtp of $250k. each sports car costs $50k to produce, but the production process requires a fixed machinery investment of $1.5m as well. the seller is considering setting one of the following prices: i. a price of $150k ii. a price of $200k iii. a price of $250k what is the order of the profits, from greatest to least, generated by these three pricing schemes? 1) ii > i > iii2) iii > i > ii3) i > ii > iii4) ii > iii > i

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Amonopolistic seller of sports cars has traced out the following demand curve: 10 customers have wi...

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