Using $\eta$ To Represent Price Elasticity of Demand,a Simple Monopolist Will Find

question 23

Multiple Choice

Using $\eta$ to represent price elasticity of demand,a simple monopolist will find that its marginal revenue at any point along its demand curve is equal to price at that point multiplied by

• A) (1 - 1/\( |\eta| \))
• B) 1/\( |\eta| \)
• C) \( |\eta| \)
• D) \( |\eta| \)*MC

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