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Which of the following firms could raise prices and expect an increase in revenues?
A: a former whose product had an elasticity of 1
B: a firm whose product has an elasticity of 3.1
C: a firm whose product has an elasticity of 0.31
D: all firms regardless of the elasticity of their products
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Answers: 3
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Which of the following firms could raise prices and expect an increase in revenues?
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