You need to determine the profit-maximizing price for a, Business Management

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You need to determine the profit-maximizing price for a

You need to determine the profit-maximizing price for a video game console. Currently you charge $180 and sell 2 million consoles per year.

It costs $150 to produce a console, and the price elasticity of demand for consoles is 3. What price should you charge for a console?

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