If ç is the elasticity of demand,a profit maximizer sets a markup price of:
A) MC[1/(1 + 1/ ) ].
B) MC[1/(1 - 1/ ) ].
C) AC[1/(1 - ) ].
D) AC[1/(1 - 1/ ) ].
E) 1/(1 - ) .
Correct Answer:
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