When the Monopoly's Marginal Revenue Is Positive, Its

question 50

Multiple Choice

When the monopoly's marginal revenue is positive, its

• A)total revenue decreases with increases in quantity.
• B)total revenue is at its maximum.
• C)total revenue increases with increases in quantity.
• D)elasticity of supply is less than 1.
• E)elasticity of demand is less than 1.

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