You are the manager of Happy Avocados, the dominant firm in the ready-made guacamole market. At your current production level, your marginal cost is $0.75 and you have estimated that your price elasticity of demand is 1.1. What price should you charge to maximize your profit?
A) $0.75
B) $11
C) $1.1
D) $8.25
D) $8.25
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