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Business, 21.11.2019 06:31 Theresab2021

The manager of a local monopoly eslimales that lhe elasticily of demand for its product is constanl and equal to -3. thefmn’s marginal cost is conslam at $20 per unita. express the firm‘s marginal revenue as a function of its price. b. determine lhe prom-maximizing price.

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