Which of the Following Statements About Elasticity Are True for a Monopolist

question 88

Multiple Choice

Which of the following statements about elasticity are true for a monopolist?

• A)when marginal revenue is negative, demand is price elastic
• B)marginal revenue revenue is maximized when elasticity is equal to one
• C)a monopolist's demand curve always income elastic
• D)when marginal revenue is positive, demand is price elastic

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