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Quiz 4.2- Use the markup rule to find the firm's optimal price if its demand curve is linear: Q = 200 - 2p. Assume it

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Quiz 4.2- Use the markup rule to find the firm's optimal price if its demand curve is linear: Q = 200 - 2p. Assume it has a constant marginal cost of $50. (Hint: find the elasticity of demand in terms of p first and use the inverse elasticity rule to solve for p.)~

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