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

question 71

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 statements associated with this question are correct.

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