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1. When is the following equation used? MR = P *(1-1/n) 2. Define Elasticity and provide a graphical representation of demand curves that inelastic and
1. When is the following equation used? MR = P *(1-1/n)
2. Define Elasticity and provide a graphical representation of demand curves that inelastic and elastic.
3. Define Transfer Pricing and how firms use it.
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