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question number 12 The manager of a monopoly estimates that the elasticity of demand for its product is constant and equal to -4. The firm's

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question number 12

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The manager of a monopoly estimates that the elasticity of demand for its product is constant and equal to -4. The firm's marginal cost is constant at $30 per unit. What is the profit-maximizing price? O $40 O $36 O $60 O More information is needed to answer this

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