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djsmyers djsmyers
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Posts: 764
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6 years ago
If a monopoly is operating on the demand curve where price elasticity is equal to -3, and MR equals 2, then price is equal to
A) 3.
B) 2.
C) 1.
D) 0.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 72 times
1 Reply
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Answer verified by a subject expert
unExpectedunExpected
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Posts: 267
6 years ago
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* Majoring in business & math

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djsmyers Author
wrote...

6 years ago
Correct Slight Smile TY
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Brilliant
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