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A firm with pricing power a price-maker estimates that the elasticity of demand for its product is To maximize profits by what percentage above cost should it markup its price

A firm with pricing power (i.e. a price-maker) estimates that the elasticity of demand for its product is __A___. To maximize profits by what percentage above cost should it markup its price? (Show your work). When A is equal to -9.00.

Apr 30 2020 View more View Less

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