Multiple Choice
A firm faces a demand function D(p) , for which the revenue-maximizing price is $16.The demand function is altered to 2D(p) .What is the new revenue-maximizing price?
A) $8
B) $16
C) $32
D) There is insufficient information to determine this.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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