If Marginal Cost Is Positive, Which of the Following Is

question 182

Multiple Choice

If marginal cost is positive, which of the following is true?

• A)A monopolist always produces on the inelastic portion of the firm's demand curve.
• B)A monopolist always produces on the inelastic portion of the market demand curve.
• C)A monopolist always produces on the elastic portion of the market demand curve.
• D)A monopolist always produces on the unit elastic portion of the market demand curve.
• E)The presence of a monopolist increases the elasticity of demand.

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