Use this information to get the estimate of own-price

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Levitt Inc. operates in an industry that has a Rothschild index of 0.78. The firm gained access to a government report that revealed the own-price elasticity of market demand within the industry to be -2.6. Use this information to obtain an estimate of the own-price elasticity of demand for the product produced by the firm.

Reference no: EM13391857

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