The special demand structure that induces a firm to use a cross subsidization strategy is

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37. You are the manager of a gas station and your goal is to maximize profits. Based onyour past experience, the elasticity of demand by Texans for a car wash is -4, while theelasticity of demand by non-Texans for a car wash is -6. If you charge Texans $20 for acar wash, how much should you charge a man with Oklahoma license plates for a carwash?

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38. You are the manager of a Mom and Pop store that can buy milk from a supplier at$2.00 per gallon. If you believe the elasticity of demand for milk by customers at yourstore is -3, then your profit-maximizing price is

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39. The main purpose of antitrust policy is to:A.control negative externalities.B.reduce market power.c. help make information easily obtainable for producers and consumers.d. All of the above.

40. Which of the following is incorrect?

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