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Consider a Dominant Firm Model Where the Elasticity of Market

Question 27

Multiple Choice

Consider a dominant firm model where the elasticity of market demand is 2,the elasticity of supply of the competitive fringe is 4,and the elasticity of the dominant firm's demand is 10.Calculate the dominant firm's market share.


A) 2/3
B) 2/5
C) 3/5
D) 3/7

Correct Answer:

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