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Question: suppose a firm sells to senior citizens and others at...

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Suppose a firm sells to senior citizens and others at a single price of $3. A It estimates that at the $2 price, seniors have an elasticity of -3 while others have an elasticity of -1.5. The marginal cost of the product is constant at $1. How could this firm change its pricing strategy to maximize profits using only linear (per unit) prices?  

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