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Suppose the Price Elasticity of Demand at the Profit Maximizing

Question 11

Multiple Choice

Suppose the price elasticity of demand at the profit maximizing output for a monopolist is - 3. If the monopolist's marginal cost is $6 per unit, what is the profit maximizing price?


A) 12
B) 9
C) 3
D) 6

Correct Answer:

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