Question: Answer is less than -1 but I dont know why, Please help. 6) Suppose a monopolist with positive marginal costs is optimizing. The elasticity of

Answer is less than -1 but I dont know why, Please help.
Answer is less than -1 but I dont know why, Please help.

6) Suppose a monopolist with positive marginal costs is optimizing. The elasticity of demand at the level of quantity sold will satisfy: 1

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