Question: Dynamic pricing with cannibalization: If demand is price-sensitive with D(p) = 2400 - 24p, and we assume we can set two price points, what is

Dynamic pricing with cannibalization: If demand is price-sensitive with D(p) = 2400 - 24p, and we assume we can set two price points, what is the combined revenue if we start with price 30 and then switch to price 10, assuming 3% of customers are strategic and patient and will wait for the lower price even if they were willing to buy at the higher price (see page 4 of the packet)

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