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Business, 21.11.2019 02:31 ajm1132005

Amonopolist firm faces a demand with constant elasticity of negative 2.6−2.6. it has a constant marginal cost of $2020 per unit and sets a price to maximize profit. if marginal cost should increase by 1515 percent, would the price charged also rise by 1515 percent?

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Amonopolist firm faces a demand with constant elasticity of negative 2.6−2.6. it has a constant marg...
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