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What is the own-price elasticity of demand at quantity

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Reference no: EM131650648

A monopolist for a specialized product faces a market demand curve of P = 5000 - 4Q. 

a. Derive the marginal revenue equation based on this linear demand curve. Draw the demand line and MR line on one graph.

b. At what quantity is MR = 0?  What is the own-price elasticity of demand at this quantity?

Reference no: EM131650648

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