A Monopolist Faces a Constant Marginal Cost of $1 Per

question 49

Multiple Choice

A monopolist faces a constant marginal cost of $1 per unit.If at the price he is charging, the price elasticity of demand for the monopolist's output is -0.5, then

• A)the price he is charging must be $2.
• B)the price he is charging must exceed $2.
• C)the price he is charging must be less than $2.
• D)the monopolist cannot be maximizing profits.
• E)the monopolist must use price discrimination.

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