Multiple Choice
In the dominant firm model,if the elasticity of market demand is 0.75,the dominant firm's market share is 0.25,and the elasticity of supply of the competitive fringe is 2,then the dominant firm's elasticity of demand is _____.
A) 3
B) 5
C) 7
D) 9
Correct Answer:
Verified
Correct Answer:
Verified
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