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jdot jdot
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A year ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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twogat123twogat123
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A year ago
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jdot Author
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A year ago
Thanks
rudy.zondo
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Yesterday
Brilliant ツ
bkrandy
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2 hours ago
Helped a lot
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