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pirex pirex
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Posts: 634
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6 years ago
A monopoly incurs a marginal cost of $1 for each unit produced. If the price elasticity of demand equals -2.0, the monopoly maximizes profit by charging a price of
A) $1.00.
B) $1.50.
C) $2.00.
D) $3.00.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 167 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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#1
6 years ago
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