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Title: You work as a marketing analyst for a pharmaceutical firm, and you are trying to gather information ... Post by: Satsume on Oct 25, 2017 You work as a marketing analyst for a pharmaceutical firm, and you are trying to gather information about the marginal cost of production for a competing firm. You know that they have a patent on a popular medication that sells for $20 per dose, and you believe the elasticity of demand for this product is roughly -4. Assuming the competing firm acts as a profit-maximizing monopolist, what is the competing firm's approximate marginal cost of production?
A) $10 per dose B) $12.50 per dose C) $15 per dose D) $20 per dose Title: Re: You work as a marketing analyst for a pharmaceutical firm, and you are trying to gather ... Post by: Bart_arg on Oct 25, 2017 Content hidden
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