Suppose a Monopolist Has a Choice to Charge a Higher

question 31

Multiple Choice

Suppose a monopolist has a choice to charge a higher price in one market than another,what would be the guideline to determine which market is charged more?

• A) The market with the less elastic demand curve is charged more.
• B) The market with the less elastic demand curve is charged less.
• C) The market with the less elastic supply curve is charged more..
• D) The market with the less elastic supply curve is charged more.

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