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Five firms produce in a homogeneous-product Cournot industry.The market elasticity of demand for the product is -2.0.If each firm's marginal cost of production is $108,

Five firms produce in a homogeneous-product Cournot industry.The market elasticity of demand for the product is -2.0.If each firm's marginal cost of production is $108, then what is the profit-maximizing equilibrium price?

$115

$120

$108

$140

$160

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