You Are the Manager of Frozen Super Paws Treats, the Dominant

You are the manager of Frozen Super Paws Treats, the dominant firm in market for frozen ice cream treats for dogs. At your current production level, your marginal cost is $1.60 and you have estimated that your price elasticity of demand is between 1.2 and 1.4. What range of prices should you charge to maximize your profit?

A) The range between $5.20 and $7.40.
B) The range between $4.60 and $8.60.
C) The range between $3.20 and $6.40.
D) The range between $5.60 and $9.60.