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Applying the profit-maximizing advertising intensity developed
by Dorfman-Steiner approach, an oligopolistic hospital should spend
_____ in advertising when its total revenue is $25,000,000,
EA=0.2, and EP =1.6? (Hint: Chapter 13 Slides
8~9)

$5,000,000

$3,125,000

$1,562,500

$250,000