Question: This problem uses the demand information given in Problem 1. Each game owner buys an average of 10 video games. You earn $10 profit per

This problem uses the demand information given in Problem 1. Each game owner buys an average of 10 video games. You earn $10 profit per video game. What price should you charge for the game console?

Data from in Problem 1

Suppose it costs $250 to produce a video-game console. A price from $200 to $400 is under consideration. The estimated demand for the game console is shown in the following table: Price Demand (in millions)

Price Demand (in millions)

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