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A firm has set a price of $100 with a per unit cost of $80. If this is a profit-maximizing price, what is the firms

A firm has set a price of $100 with a per unit cost of $80. If this is a profit-maximizing price, what is the firm’s price elasticity of demand?

A.-5.0.

B.-4.0.

C.-2.5.

D.-2.00.

E.-1.5.

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