A firm has capacity limitations and charges $30 for its service during daily peak times. If the market demand elasticity drops from -3 during peak times to -5 at off-peak times, how much should the frim charge to earn the maximum profit during off-peak times?

A. $20

B. $21

C. $24

D. NOT ENOUGH INFORMATION TO DETERMINE

Answer rating: 100% (QA)

The answer should be D NOT ENOUGH INFORMA... View the full answer