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Assume a monopoly with a constant marginal cost of 5 . Assume that the demand, which it faces is given by P = 4 5

Assume a monopoly with a constant marginal cost of

5 .

Assume that the demand, which it faces is given by

P = 45 - Q .

What is going to be the own

-

price elasticity of demand in equilibrium? Detail your answer. Do not even think of using chatGPT.

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