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Firm X is a monopolist with marginal cost of $37/unit. If elasticity of demand is -9, use the markup formula to determine the price Firm X should charge to maximize profit.
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Firm X is a monopolist with marginal cost of $37/unit. If elasticity of demand is -9, use the markup formula to determine the price Firm X should charge to maximize profit.

User Ben Cox
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1 Answer

4 votes

Explanation:

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User Dirtydexter
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