Suppose a monopolist faces a constant elasticity market demand curve with price elasticity equal to -2.What will be the price charged by this monopolist assuming constant marginal cost of 10.
A)100
B)80
C)50
D)30
E)20
F)10
G)infinity
H)None of the above

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The Answer of Suppose a monopolist faces a constant elasticity market demand curve with price elasticity equal to -2.What will be the price charged by this monopolist assuming constant marginal cost of 10.
A)100
B)80
C)50
D)30
E)20
F)10
G)infinity
H)None of the above

Suppose a Monopolist Faces a Constant Elasticity Market Demand Curve