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corie corie
wrote...
Posts: 767
6 years ago
A monopolist has determined that at the current level of output the price elasticity of  demand is -0.15.  Which of the following statements is true?
A) The firm should cut output.
B) This is typical for a monopolist; output should not be altered.
C) The firm should increase output.
D) None of the above is necessarily correct.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 51 times
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6 years ago
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