If a Single-Price Monopolist Sets Price Where the Price Elasticity

question 31

Multiple Choice

If a single-price monopolist sets price where the price elasticity of demand exactly equals 1,its

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

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