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Suppose that the MC faced by Skechers is a constant $10 per shoe. If the demand elasticity for Skechers shoes is also constant and is equal to 5,

Suppose that the MC faced by Skechers is a constant $10 per shoe. If the demand elasticity for Skechers shoes is also constant and is equal to 5, what price should Skechers charge for its shoes?
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Economics-8093968.doc

Suppose that the MC faced by Skechers is a constant $10 per shoe. If the demand elasticity for Skechers
shoes is also constant and is equal to 5, what price should Skechers charge for its shoes?...

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