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For the Mickey Mice Company,the Price Elasticity of Demand Is

Question 43

Multiple Choice

For the Mickey Mice Company,the price elasticity of demand is -3,average cost is $15,and marginal cost is $30.Mickey's profit-maximizing price is:

A) $10.00.
B) $20.00.
C) $22.50.
D) $30.00.
E) $45.00.

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