A Monopoly Sets a Price of $50 Per Unit for an Item

question 105

Multiple Choice

A monopoly sets a price of $50 per unit for an item that has a marginal cost of $10.Assuming profit maximization,the implicit demand elasticity is

• A) -0.2.
• B) -0.8.
• C) -1.25.
• D) -5.0.

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