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The firm's total fixed cost is $300 a day and its marginal cost is zero. The table shows the market demand schedule for the firm's

The firm's total fixed cost is $300 a day and its marginal cost is zero. The table shows the market demand schedule for the firm's office visits. Compare Herriot's profit-maximizing price with the marginal cost of producing the profit-maximizing output. At the profit-maximizing price, is the demand for Herriot's office visits inelastic or elastic

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