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Question One (1) Green Energy, Inc. is a monopoly subject to high barriers to entry. Its marginal cost is $90 and average cost is $120.

Question One (1)

Green Energy, Inc. is a monopoly subject to high barriers to entry. Its marginal cost is $90 and average cost is $120. A recent market study has determined that the price elasticity of demand is 1.25. Determine the price that the company is most likely to set.

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