As a Monopolist's Demand Curve Becomes More Inelastic

question 82

Multiple Choice

As a monopolist's demand curve becomes more inelastic,:

• A)the profit-maximizing price goes up.
• B)the profit-maximizing price goes down.
• C)the optimal mark-up of price over marginal cost goes down.
• D)average revenue falls.

---

Definitions:

Past Accomplishments

Refers to the achievements or successes an individual, group, or organization has realized in the past.

Coworkers

Individuals who work together in the same organization or workplace, often collaborating or interacting as part of their roles.

Golem Effect

A psychological phenomenon in which lower expectations placed upon individuals either by supervisors or the individuals themselves lead to poorer performance.

Performance

The act of carrying out a task with skill, or the degree to which a system, component, or individual successfully achieves its intended purpose.