Consider the Following AR and MR Curves for a Single-

question 113

Multiple Choice

Consider the following AR and MR curves for a single- price monopolist.
FIGURE 10- 2
-If a single- price monopolist sets price where the price elasticity of demand exactly equals 1,its

• A)marginal revenue is always positive.
• B)total revenue is rising,although marginal revenue is falling.
• C)total revenue is at its maximum.
• D)total profits are at a maximum.
• E)total revenue is falling.

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