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A monopoly's marginal cost is $24, and its price elasticity of demand is -2.4.What is its markup?If necessary, round to two decimal places. Group of
A monopoly's marginal cost is $24, and its price elasticity of demand is -2.4.What is its markup?If necessary, round to two decimal places.
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1.38
10.0
1.71
None of the answers listed is correct.
1.24
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