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Title: Which of the following is NOT correct about a single-price monopoly? Post by: Loraine on Jun 21, 2015 Which of the following is NOT correct about a single-price monopoly?
A) Maximum profit is found where demand is the most inelastic. B) Marginal revenue is negative when demand is inelastic. C) Marginal revenue is positive when demand is elastic. D) To sell more output, the firm must lower its price. E) To maximize its profit, the firm produces so that marginal revenue equals marginal cost. Title: Re: Which of the following is NOT correct about a single-price monopoly? Post by: Smoooth on Jul 26, 2015 Content hidden
Title: Re: Which of the following is NOT correct about a single-price monopoly? Post by: Smoooth on Aug 31, 2015 My pleasure :-]
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