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2 - Question 6 (1 point) As the price elasticity of demand for a firm's product becomes more elastic, then the profit-maximizing optimal markup over

2 - Question 6 (1 point)

As the price elasticity of demand for a firm's product becomes more elastic, then the profit-maximizing optimal markup over marginal cost will _______.

Question 6 options:

a)	I would not pick this answer

b)	remain unchanged so long as marginal cost remains unchanged

fall

rise

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