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QUESTION 8 If n is the elasticity of demand, a profit maximizer sets a markup price of: O MO[1/(1 + 1/ m)]. O MC[1/(1 -

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QUESTION 8 If n is the elasticity of demand, a profit maximizer sets a markup price of: O MO[1/(1 + 1/ m)]. O MC[1/(1 - 1/ m)]- O AC[1/(1 - m)]- O AC[1/(1 - 1/ m)] O 1/(1 - m)

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