Business, 31.12.2019 04:31 ksa23

Assume that a firm's marginal cost is $10 and the elasticity of demand is minus2. we can conclude that the firm's profit-maximizing price is approximately

a. $20.
b. $10.
c. $5.
d. the answer cannot be determined without additional information.

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Assume that a firm's marginal cost is $10 and the elasticity of demand is minus2. we can conclude th...

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