Solved: At what level should the price be set, Microeconomics

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At what level should the price be set

Problem

A movie production company faces a linear demand curve for its film, and it seeks to maximize total revenue from the film's distribution. At what level should the price be set? Where is demand elastic, inelastic, or unit elastic? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: At what level should the price be set

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