If ç Is the Elasticity of Demand,a Profit Maximizer Sets $\eta$

question 29

Multiple Choice

If ç is the elasticity of demand,a profit maximizer sets a markup price of:

• A) MC[1/(1 + 1/\(\eta\))].
• B) MC[1/(1 - 1/\(\eta\))].
• C) AC[1/(1 - \(\eta\))].
• D) AC[1/(1 - 1/\(\eta\))].
• E) 1/(1 - \(\eta\)).

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