If a pure monopolist is operating in a range of output where demand is elastic:
a. it...
Business, 21.11.2019 05:31 sedilei1515
If a pure monopolist is operating in a range of output where demand is elastic:
a. it cannot possibly be maximizing profits.
b. total revenue will be declining.
c. marginal revenue will be positive but declining.
d. marginal revenue will be positive and rising.
Answers: 3
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