If the profit-maximizing markup factor in a six-firm Cournot oligopoly is 3,what is the corresponding market elasticity of demand?
A) −0.25
B) −1.25
C) 0.08
D) None of the answers are correct.

Question

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The Answer of If the profit-maximizing markup factor in a six-firm Cournot oligopoly is 3,what is the corresponding market elasticity of demand?
A) −0.25
B) −1.25
C) 0.08
D) None of the answers are correct.

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