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Four firms produce in a homogeneous-product Cournot industry.The market elasticity of demand for the product is -4.0.If each firm's marginal cost of production is $75,

Four firms produce in a homogeneous-product Cournot industry.The market elasticity of demand for the product is -4.0.If each firm's marginal cost of production is $75, then what is the profit-maximizing equilibrium price?

Group of answer choices

$80

$110

$120

$95

$75

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