If the Profit-Maximizing Markup Factor in a 10-Firm Cournot Oligopoly

question 116

Multiple Choice

If the profit-maximizing markup factor in a 10-firm Cournot oligopoly is −2,what is the corresponding market elasticity of demand?

• A) −1.0
• B) −1.2
• C) −2.0
• D) None of the preceding statements is correct.

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