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a.How do you know that cutting the price of Roundup was a good idea for Monsanto? b.How might you estimate the elasticity of demand and

a.How do you know that cutting the price of Roundup was a good idea for Monsanto?

b.How might you estimate the elasticity of demand and the profit-maximizing price for 1995. Do you think Monsanto set the right price?" What is the appropriate market structure?Does this change?

c.If cutting price was a good idea, why didn't Monsanto do it earlier?

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