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9. Write out the equation that relates elasticity to the price-cost markup for a monopolist. If the price elasticity of demand is -10 and marginal

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9. Write out the equation that relates elasticity to the "price-cost markup" for a monopolist. If the price elasticity of demand is -10 and marginal cost facing the monopoly firm is $1, what is the profit maximizing price? What if instead elasticity was -4? (3 pts)

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