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A seller faces a marginal cost of $10per unit and a price elasticity of demand of -1.5.What is the profit-maximizing price? a. $30 b.$15 c.$20

A seller faces a marginal cost of $10per unit and a price elasticity of demand of -1.5.What is the profit-maximizing price?

a. $30

b.$15

c.$20

d.$25

e.none of the above

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