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Please show me detailed step-by-step how to solve this problem. Thank you Chapter 8: Monopoly and Monopolistic Competition MULTIPLE CHOICE 1. If a monopolist faces

Please show me detailed step-by-step how to solve this problem. Thank you

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Chapter 8: Monopoly and Monopolistic Competition MULTIPLE CHOICE 1. If a monopolist faces a constant-elasticity demand curve given by Q= 202,500P - and has total costs given by TC = 100, its profit-maximizing level of output is: a. 50. b. 60. C. 75. d. 100. e. 120. ANS: B

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