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Title: If a single-price monopolist sets price where the price elasticity of demand exactly equals 1, its Post by: jdot on Oct 3, 2022 If a single-price monopolist sets price where the price elasticity of demand exactly equals 1, its
▸ total revenue is at its maximum. ▸ marginal revenue is always positive. ▸ total revenue is falling. ▸ total profits are at a maximum. ▸ total revenue is rising, although marginal revenue is falling. Title: If a single-price monopolist sets price where the price elasticity of demand exactly equals 1, its Post by: twogat123 on Oct 3, 2022 Content hidden
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