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You are the manager of a Mom and Pop store that can buy milk from a supplier at $2.00 per gallon. If you believe the
You are the manager of a Mom and Pop store that can buy milk from a supplier at $2.00 per gallon. If you believe the elasticity of demand for milk by customers at your store is -3, then your profit-maximizing price is ______.
What is the price for a duopoly?
What is the price for 20 firms?
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