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Business, 05.05.2020 18:29 bm42400

Suppose a monopoly's price elasticity of demand equals -2 and the marginal cost of production equals $300.00. The profit-maximizing price is $ (Enter a numeric response using a real number rounded to two decimal places) What will be the firm's markup? When maximizing profit the monopoly's markup is percent(Round your response to the nearest percent)

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Suppose a monopoly's price elasticity of demand equals -2 and the marginal cost of production equals...

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