Find the best answers to your questions with the help of IDNLearn.com's expert contributors. Discover prompt and accurate answers from our experts, ensuring you get the information you need quickly.

You need to determine the profit maximizing price for video game console currently you charge $180 sell 2 million consoles per year. It cost $150 to produce the consul and the price elasticity of demand for consoles is three. What price should you charge for a console?