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A monopoly incurs a marginal cost of $1 for each unit produced. If the price elasticity of demand equals - 2.0, the monopoly maximizes profit

A monopoly incurs a marginal cost of $1 for each unit produced. If the price elasticity of demand equals - 2.0, the monopoly maximizes profit by charging a price of O A. $1.00. O B. $3.00. O C. $1.50. D. $2.00

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