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Author Question: A monopoly firm expands its output and lowers its price. The firm finds that its total revenue ... (Read 111 times)

mpobi80

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A monopoly firm expands its output and lowers its price. The firm finds that its total revenue falls. Hence, the firm is producing in the
 
  A) elastic range of its demand curve.
  B) inelastic range of its demand curve.
  C) elastic range of its supply curve.
  D) inelastic range of its supply curve.

Question 2

Owners of ________ have unlimited liability.
 
  A) partnerships and corporations
  B) corporations
  C) proprietorships and partnerships
  D) partnerships, proprietorships, and corporations



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Swizqar

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Answer to Question 1

B

Answer to Question 2

C




Swizqar

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