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Consider a monopolist that produces SOMA at $20 per unit. The demand for SOMA as a...

Consider a monopolist that produces SOMA at $20 per unit. The demand for SOMA as a function of the unit price p is D(p) = 100 -p.

1) What is the monopolist's profit mazimizing price?
2) At the price you just foun, compute the elasticity of demand
3) Does the markup formula hold at this price?

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