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pirex pirex
wrote...
Posts: 634
6 years ago
A monopoly incurs a marginal cost of $1 for each unit produced. If the price elasticity of demand equals -2.0, the monopoly maximizes profit by charging a price of
A) $1.00.
B) $1.50.
C) $2.00.
D) $3.00.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 164 times
1 Reply
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And if you fall, I'll pick you up
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I'll point you home

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