question archive The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3
The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3
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The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm's marginal cost is constant at $30 per unit. What is the firm's marginal revenue?
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