If a Monopolist Has No Marginal Costs and Only Recurring

question 29

True/False

If a monopolist has no marginal costs and only recurring fixed costs, then, if he produces, any quantity that he produces is profit maximizing if the price elasticity of market demand is -1.

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Definitions:

DNA

DNA, or deoxyribonucleic acid, is a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Complementary Strand

In molecular biology, a strand of nucleic acid that can form a double-stranded structure by matching each base with its complement.

DNA

Deoxyribonucleic acid, the molecule that carries genetic information in the cells of living organisms.

Complementary DNA

DNA synthesized from a single-stranded RNA template in a reaction catalyzed by the enzyme reverse transcriptase, often used in cloning or as a probe in physical mapping.