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Your marginal cost is $10, and you face an elasticity of -5.00. Which price should you choose to maximize profits? Select one: a. $12.50 b.
Your marginal cost is $10, and you face an elasticity of -5.00. Which price should you choose to maximize profits?
Select one:
a.
$12.50
b.
$20
c.
$10
d.
$15
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