A small town has 3 grocery stores that sell the same product at different prices. The demand
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Question:
A small town has 3 grocery stores that sell the same product at different prices. The demand function for this product is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price of the product. The cost of producing the product is $20 per unit. Store A charges a price of $30 per unit, store B charges a price of $25 per unit, and store C charges a price of $20 per unit. Which store has the highest profit margin? Show all calculations.
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