Suppose a monopoly has marginal cost function MC = 0 and therefore only cares about maximizing total revenue. Then, at the revenue-maximizing price and quantity, the price elasticity of market demand has a value of _________. (Hint: This has to be a negative number.

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Q: 36 33 30 27 24 22963 21 18 15 12 00 D 6 12 18 24 30 36 42 48 54 60 66 72 Q

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