single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=498-3P. Its only cost is a Ma

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answerhappygod
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single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=498-3P. Its only cost is a Ma

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single-price monopolist in the eye-glass frame market. It faces
a Market demand given by Q=498-3P. Its only cost is a Marginal Cost
of MC=Q.
What is the (absolute) elasticity of demand at the profit
maximizing price?
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