Warner Home Entertainment sold the Harry Potter and the Prisoner of Azkaban two-DVD movie set around the world. Warner charged 33% more in Canada and 66% more in Japan than in the United States, where it charged $15. Given that Warner’s marginal cost was $1, determine what the elasticities of demand must have been in the United States, Canada, and Japan if Warner was profit maximizing.
Warner Home Entertainment sold the Harry Potter and the Prisoner of Azkaban two-DVD movie set around the world. Warner charged 33% more in Canada and”
by | Mar 12, 2022 | Uncategorized
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