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Suppose a monopolist faces the constant price elasticity demand curve: p = Qε where ε <...

Suppose a monopolist faces the constant price elasticity demand curve:
p = Qε
where ε < 0. The monopolist has a constant marginal cost of c.

a. If ε < -1, can you determine what price and quantity will the monopolist set? Explain.
b. If 0 > ε > -1, what is the price and quantity the monopolist will set?
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