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Business, 21.11.2019 05:31 sedilei1515

If a pure monopolist is operating in a range of output where demand is elastic:

a. it cannot possibly be maximizing profits.

b. total revenue will be declining.

c. marginal revenue will be positive but declining.

d. marginal revenue will be positive and rising.

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Answers: 3

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If a pure monopolist is operating in a range of output where demand is elastic:

a. it...
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