Given the equation and using the absolute value of ed mr p
Given the equation, and using the absolute value of ED: MR = P * [ 1 - (1 / [ED])]
Find the relationship between MR and P if ED = - 2.
Then solve for ED if price (P) is set 100% above MR; that is, P = 2 MR
Now Priced at $10 (50% Discount)
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