(Answered) Suppose a uniform price monopolist is choosing a price

Economics

Suppose a uniform price monopolist is choosing a price along a linear demand curve. If at thecurrent output the value of the Elasticity of Demand is -1.1 and Marginal Cost is constant at$10, what is the price the monopolist will choose and what is the mark up? Is the monopolistlikely to find it profitable to lower their price?

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