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Consider a profit-maximizing single-price monopolist that faces a linear demand curve. The firm ...

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Consider a profit-maximizing single-price monopolist that faces a linear demand curve. The firm ...

Consider a profit-maximizing single-price monopolist that faces a linear demand curve. The firm would not set a price at which demand is inelastic because

▸ the marginal revenue and average revenue would be equal in that range of output.

▸ the marginal revenue would be negative in that range of output.

▸ marginal revenue is zero in that range of output.

▸ average revenue is zero in that range of output.

▸ the average revenue would be negative in that range of output.

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Microeconomics

Edition: 17^th

Author: Ragan

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