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    Managerial Economics Study Set 1
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    Exam 7: Pricing With Market Power
  5. Question
    Calculate the Markup Price If MC = $10
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Calculate the Markup Price If MC = $10

Question 40

Question 40

Multiple Choice

Calculate the markup price if MC = $10.00 and price elasticity equals 1.7.


A) $5.88
B) $17.24
C) $24.27
D) $32.42

Correct Answer:

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