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2) If a monopolist faces a constant marginal cost of $8 and a constant elasticity of demand of -3, what is the optimal monopoly price?
2) If a monopolist faces a constant marginal cost of $8 and a constant elasticity of demand of -3, what is the optimal monopoly price? What is the Lerner index?
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Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
12th edition
134733821, 134733827, 9780134734507 , 978-0134733821
