For a Monopolist Producing a Level of Output at Which

question 18

Multiple Choice

For a monopolist producing a level of output at which market demand is inelastic,_____

• A)short-run profit is maximum.
• B)a decrease in price increases total revenue.
• C)a decrease in price decreases total cost.
• D)a decrease in price decreases total revenue.
• E)an increase in output increases short-run economic profit.