If the Profit-Maximizing Markup Factor in a 3-Firm Cournot Oligopoly

question 77

Multiple Choice

If the profit-maximizing markup factor in a 3-firm Cournot oligopoly is -2, what is the corresponding market elasticity of demand?

• A)-1/2.
• B)-2/3.
• C)-1.0.
• D)-2.0.

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