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If elasticity of demand is -2, marginal cost is $3, and average cost is $6, a profit-maximizing markup price is: a)$4 b)$6 c)$12 d)$8 e)$10
If elasticity of demand is -2, marginal cost is $3, and average cost is $6, a profit-maximizing markup price is:
a)$4
b)$6
c)$12
d)$8
e)$10
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