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2. A rm believes the elasticity of demand it faces is -l .25 and the rm faces a cost function C = 200 + 5Q.

2. A rm believes the elasticity of demand it faces is -l .25 and the rm faces a cost function C = 200 + 5Q. What price will it charge for this product? (Hint: Use marginal revenue. price elasticity city of demand relationship)

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