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What is the elasticity of demand in the competitive

Problem

Let the market demand for widgets be described by Q = 1000-50P. Suppose further that widgets can be produced at a constant average and marginal cost of $10 per unit. What is the elasticity of demand in the competitive equilibrium? What is the elasticity of demand in the monopoly equilibrium?

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Microeconomics: What is the elasticity of demand in the competitive

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