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jdot jdot
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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.
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Microeconomics

Microeconomics


Edition: 17th
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twogat123twogat123
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You make an excellent tutor!
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this is exactly what I needed
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