Economics question college?

11.A monopolist firm faces a demand with constant elasticity of -2.0. It has a constant marginal cost of €20 per unit and sets a price to maximize profit. If marginal cost should increase by 25 percent, would the price charged also rise by 25 percent? Why can this markup be viewed as a measure of monopoly power?

Answer:
the monopoly power is measured by the marginal cost divided by the constant elasticity equaling. This should be multiplied (1+.25) 25% increase. ummmm.
well..
what"?? what the hell is monopoly power?

you know there is no such thing as a free lunch..
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