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A firm in the market for designer jeans has some degree of monopoly power. The demand curve it faces has a price elasticity of demand

A firm in the market for designer jeans has some degree of monopoly power. The demand curve it faces has a price elasticity of demand of - 3, while the price elasticity demand of the market is - 2. Moreover, the firm has a constant marginal cost of $65.00. Using the rule of thumb for pricing, calculate the firm's profit- maximizing price. The profit-maximizing price is $ . (Round your answer to the nearest penny.)

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